How do you figure out these kind of problems. Lisa is depositing $2700 in a 6 month CD that pays 3.71% interest. How much will she accrue if she holds the CD till maturity?
Interest = Principal * Rate * Time
I = 2,700 * 0.0371 * 0.5
I = 50.09
I = 2,700 * 0.0371 * 0.5
I = 50.09