12-05-2020
Mathematics

contestada

Heather plans to invest $5,000 for 8 years. Capitol Bank offers an 8 year CD at an annual rate of 5% using simple interest. How much is his invest worth at the end of the 8 years?

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Аноним Аноним

12-05-2020

Answer:

16000

Step-by-step explanation:

.05*8=.40

5,000*8=40000

40000*.40= 16000

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