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What is the balance after 3 years on a CD with an initial investment of $2,500.00 and a 3.05% interest rate? A. $2,652.50 C. $2,506.10 B. $2,735.80 D. $7.625.00​

What is the balance after 3 years on a CD with an initial investment of $2,500.00 and a 3.05% interest rate? A. $2,652.50 C. $2,506.10 B. $2,735.80 D. $7.625.00​
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5 votes
What is the balance after 3 years on a CD with an initial investment of $2,500.00 and a 3.05% interest rate?

A. $2,652.50 C. $2,506.10
B. $2,735.80 D. $7.625.00​

asked
User Ralf Stubner
by
8.4k points

1 Answer

5 votes
The answer to this would be B: $2,735.80.
answered
User Luuk
by
8.3k points
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