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View Full Version : Banking math word problem


Jazah1
Feb 6, 2012, 11:55 AM
You are to open a certificate of deposit (CD) that earns simple interest. One bank offers a CD in which you must deposit $500 for 3 years with 2% interest. Another bank offers a CD in which you must deposit $250 for 4 years with 3% interest. Which will earn more interest?