Andre De Quadros bought a $2,000, 9-month certificate of deposit (CD) that would earn 8.5% annual simple interest. What is the value of the CD when it matures? Round your answer to to the nearest cent.
A) $2,042.50
B) $2,085.00
C) $2,170.00
D) $2,113.33
E) $2,127.50

Question

Andre De Quadros bought a $2,000, 9-month certificate of deposit (CD) that would earn 8.5% annual simple interest. What is the value of the CD when it matures? Round your answer to to the nearest cent. ​
A) $2,042.50
B) $2,085.00
C) $2,170.00
D) $2,113.33
E) $2,127.50

Quizplus · Accepted Answer

The Answer of Andre De Quadros bought a $2,000, 9-month certificate of deposit (CD) that would earn 8.5% annual simple interest. What is the value of the CD when it matures? Round your answer to to the nearest cent. ​
A) $2,042.50
B) $2,085.00
C) $2,170.00
D) $2,113.33
E) $2,127.50

Andre De Quadros Bought a $2,000, 9-Month Certificate of Deposit