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-   -   Banking math word problem (https://www.askmehelpdesk.com/showthread.php?t=633747)

  • Feb 6, 2012, 11:55 AM
    Jazah1
    Banking math word problem
    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?

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