# Question: interest rate problems a if maria deposits 1200 in her...

###### Question details

Interest rate Problems

a.) If Maria deposits $1200 in her savings account and the interest rate is 3% per year. How much money will she have after two years.

b.) If Joseph buys a certificate of deposit of $1,000.00 for six months and the interest is 4%, how much money will he be able to collect after that period?