Question

Would you make more interest by investing $3,000 in a 6-mouth certificate of deposit (CD) at 3% interest. Or by investing $1,000 in a 12-mouth CD at 3.5% interest? Show your work

Answer 1

Help plzz I medal thisis all I need

Answer 2

@hartnn help and @makayla_finkbeiner_ and @HELP!!!! Help help @jdacharger

Answer 3

Help me plzz @emmigrace222

Answer 4

@Nicksl99 illhelp u if you help me

Answer 5

oh boy lol looks like no one cared to help you out huh?

Answer 6

dont worry man Prae is here and all your troubles will go away

Answer 7

this is a math question but luckily i am amazing at everything

Answer 8

if you times $3000 3% interest you get an extra $90 but that is only if interest is paid every 0.5 years (half the year)

Answer 9

the question doesnt state how often interest is paid which is PIVOTAL

Answer 10

so IF it is paid every 6 months or half a year for BOTH questions then

Answer 11

$1000 x 3.5% = $35 x 2 (12 months and each gets paid every 6 months so twice) = $70

Answer 12

so dude it would be better to have $3000 at 3% for 6 months

Answer 13

i am sorry you went all day without someone helping you

Answer 14

but luckily for you i am so benevolent and tenacious and studious i helped you out