Mr.Nailor invests $5,000 in a certificate of deposit at his local bank.He receives annual interest of 8% for 7 years.How much interest will his investment earn during this time period?
A) $2,915
B) $3,569
C) $6,254
D) $8,570

Name: Mr.Nailor invests $5,000 in a certificate of deposit at his local bank.He receives annual interest of 8% for 7 years.How much interest will his investment earn during this time period? A) $2,915 B) $3,569 C) $6,254 D) $8,570
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

The Answer is B

MrNailor Invests $5,000 in a Certificate of Deposit at His