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puteri [66]
3 years ago
8

Laura invested $2000 in a three-year CD that pays 4% compounded annually.

Mathematics
2 answers:
Angelina_Jolie [31]3 years ago
5 0
240 because 2000x0.04=80 X3= 240
Nadusha1986 [10]3 years ago
3 0

Answer:

  • Formula: A=P(1+\frac{r}{n})^{n times t}

Step-by-step explanation:

P= 2000   R= 0.04 aka 4%   N= 1 (annually is once a year)   T=3 years

2000 (1 + \frac{0.04}{1})^{1 times 3}

Put this is in the math website desmos: 2000 (1 + \frac{0.04}{1})^{1 times 3}

And your answer should be: A= $2249.728

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