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Mathematics 19 Online
OpenStudy (anonymous):

hElp plzz FREEEEE MEDAL 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.

OpenStudy (anonymous):

@mathstudent55 help?

OpenStudy (anonymous):

@zzr0ck3r help?

OpenStudy (mathmate):

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

OpenStudy (anonymous):

ok so um the answer could be 60?

OpenStudy (mathmate):

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

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