Seudónimo Seudónimo

13-06-2021
Mathematics

contestada

NEED HELP ASAP PLEASE

Sue bought a six-month CD for $2000.She said that at maturity it paid $85.00
in interest. Assume that this was simple interest, and determine the APR.
______%

Respuesta :

teacherhmjyr teacherhmjyr

13-06-2021

Answer:

8.5%

Step-by-step explanation:

I=PRT

85= 2000*r*0.5

85=1000r

0.085=r

8.5%

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