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James placed $7,500 in a certificate of deposit (CD) at his local ba.pdf

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ahalyak3

James placed $7,500 in a certificate of deposit (CD) at his local bank. The interest the CD generated was $731.25. If the interest rate was 6.5%, how many months was the money deposited? Solution Use the formula Interest = Principal.

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James placed $7,500 in a certificate of deposit (CD) at his local bank. The interest the CD generated was $731.25. If the interest rate was 6.5%, how many months was the money deposited? Solution Use the formula Interest = Principal

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