Answer:
$75.00
Step-by-step explanation:
DeSean bought a 6-month Certificate of Deposit for $5,000 at the rate of 3% per year.
Formula : [tex]I=(P\times r\times t)[/tex]
I = Interest
P = $5,000
r = 3% [tex](\frac{3}{100})[/tex] = 0.03
t = 0.5 years (6 months)
[tex]I=(5,000\times 0.03\times 0.5)[/tex]
I = $75.00
DeSean earned $75.00 at the end of 6 months.
