Home » Aptitude » Simple Interest

You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?

Correct Answer: 5years

Explanation:

I=prt


← Previous Question Next Question→

More Questions from Simple Interest

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion