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Would you make more interest by investing two thousand five hundred dollars in a 6-month certificate of deposit (CD) at three percent interest or by investing one thousand dollars in a twelve-month CD at four percent interest? Show your work.

Question

anonymous · Answer

@mathstudent55  help?

anonymous · Answer

@zzr0ck3r  help?

mathmate · Answer

Hint:
Interest = Principal * annual interest rate * number of years invested.
(6 months = 0.5 year, etc.)

anonymous · Answer

ok so um the answer could be 60?

mathmate · Answer

I don't see 60 as one of the two choices.
Can you explain?