Question

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

Answer 1

@texaschic101 @IMStuck

Answer 2

calculate 3% of 2500?

Answer 3

75%? @aajugdar

Answer 4

yes ,except for the % part

Answer 5

then waht

Answer 6

now 4% of 1000?

Answer 7

you are supposed to find where you are making more interest
so arnt u supposed to calculate that

Answer 8

okay here is the deal
you are making 6 month certificate deposit in first one
so the interest becomes half in first one
which is 75/2
and calculate now 4% of 1000
see which number is bigger
that should be the one with right answer

Answer 9

75/2 = 37.5
and 4% of 1000 = 40
so the 2nd investment is giving you more interest

Answer 10

ohh i get it

Answer 11

good ^^