Karen depostited $5000 as a certificate of deposit in a bank for a period of 3 years. The certificate or deposit pays a simple interest of 15% per year and pays interest every 6 months. How much interest does she get every 6 months

By: USER4851
2 September 2025 mathematics 5 minutes
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Question

Grade: Education Subject: mathematics
Karen depostited $5000 as a certificate of deposit in a bank for a period of 3 years. The certificate or deposit pays a simple interest of 15% per year and pays interest every 6 months. How much interest does she get every 6 months
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Best Answer
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Answer:

15% per year

7.5% half year

5000 * 7.5% = $375 every 6 months.

Step-by-step explanation:


Answered on 2 September 2025

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