Questions 11-15 all refer to the following
situation: The First Ojai National Bank advertises a CD that pays
8.2% simple interest for two years. Suppose we were to invest
$1,485 in such a CD.
13. The amount of interest earned in the second year is:
d. $12,177.00
Nope,
check out
Session 2, Page 8, Picture A and/or the bottom equation on page 416.
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