PLESE HELPPP Sue bought a six-month CD for $2000. She said that at maturity it paid $85.00
in interest. Assume that this was simple interest, and determine the APR.
%

Work Shown:

i = p*r*t

85 = 2000*r*0.5

85 = 1000r

1000r = 85

r = 85/1000

r = 0.085

The APR is 8.5%

Side note: I used t = 0.5 since 6 months = 6/12 = 1/2 = 0.5 years

step-by-step explanation:

i need to answer questions so i dont know but i think its the first one because it goes up but a consent rate