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The National Bank of Mayville quotes an APY of 3.5 percent on a one-year money market...

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Finance

The National Bank of Mayville quotes an APY of 3.5 percent on aone-year money market CD sold to one of the small businesses intown. The firm posted a balance of $2,500 for the first 90 days ofthe year, $3,000 over the next 180 days, and $4,500 for theremainder of the year.

How much in total interest earnings did this small businesscustomer receive for the year?

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The National Bank of Mayville quotes an APY of 3.5 percent on aone-year money market CD sold to one of the small businesses intown. The firm posted a balance of $2,500 for the first 90 days ofthe year, $3,000 over the next 180 days, and $4,500 for theremainder of the year.How much in total interest earnings did this small businesscustomer receive for the year?

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