Jonas deposits ($ 2,500) in a CD bearing (3.25 %) simple interest for a term of 3

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Jonas deposits $\$ 2,500$ in a CD bearing $3.25 \%$ simple interest for a term of 3 years. When he redeems his CD at the end of the 3 years, how much will he receive?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 29, 2024 08:04 AM

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Jonas deposits ($ 2,500) in a CD bearing (3.25 %) simple interest for a term of 3

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Contemporary Mathematics

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