Asked by Kinsey

Sue bought a six-month CD for $ 30003000 She said that at maturity it paid $ 128128 in interest. Assume this was simple interest, and determine the APR.

9 years ago

Answered by Ms. Sue

I = PRT

128,128 = 30,003,000 * R * 0.5

9 years ago

Answered by Anonymous

jfgdj

7 years ago

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Asked by Kinsey

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