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Author Question: On April 1, Alex deposited $2,000 in an MMDA that pays 3% interest. On July 1, Alex invested $3,000 ... (Read 350 times)

formula1

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On April 1, Alex deposited $2,000 in an MMDA that pays 3% interest. On July 1, Alex invested $3,000 in a six-month CD that pays 6% interest. How much total interest will Alex have earned by December 31?


◦ $90.00
◦ $45.00
◦ $135.00
◦ $240.00


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Marked as best answer by formula1 on Apr 13, 2019

ju

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