> Math prob annual interst?

Math prob annual interst?

Posted at: 2014-12-05 
Slyvia bought a 900$ certificate of deposit that earns simple annual interest at the end of 3 years she received 145$ what rate o annual interest did it pay

If I invest $25,000 today. How much can I accrue in 2037?

145 / 3 = 48.3333

48.3333 / 900 = 0.05370, or 5.37%

Unrealistic amount = unrealistic numbers = a lie. There are no CD accounts out there that earns that kind of interest. Especially with only $900 deposit. So why even calculate? http://www.fool.com/how-to-invest/thirte...

Slyvia bought a 900$ certificate of deposit that earns simple annual interest at the end of 3 years she received 145$ what rate o annual interest did it pay