Question

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?

Answer 1

$775 interest earned.

Answer 2

ok thank u bunches

Answer 3

5% of 14,000 = 0.05 * 14,000 = 700
3% of 2500 = 0.03 * 2500 = 75
700 + 75 = 775