You deposit $600 into a 6 month certificate of deposit. After 6 months the balan

by

Loading

✪ Choose the correct option.

You deposit $600 into a 6 month certificate of deposit. After 6 months the balance is $618. Find the simple annual interest rate

A. 0.06
B. 0.05
C. 0.07
D. 0.08

Leave a Comment