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OpenStudy (anonymous):
Jerry invested $14,000 in a certificate of deposit at 5%. He also put $2,500 in a savings account at 3%. How much interest will he earn after one year?
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OpenStudy (nurali):
$775 interest earned.
OpenStudy (anonymous):
ok thank u bunches
OpenStudy (mathstudent55):
5% of 14,000 = 0.05 * 14,000 = 700 3% of 2500 = 0.03 * 2500 = 75 700 + 75 = 775
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