Ask your own question, for FREE!
Mathematics 18 Online
OpenStudy (anonymous):

After 3 years, Remington earned $390 in simple interest from a CD into which he initially deposited $4,000. What was the annual interest rate of the CD? A. 3.25% B. 6.5% C. 13% D. 9.75%

OpenStudy (anonymous):

The answer is 3.25%.

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!