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What is the balance after 3 years on a CD with an initial investment of $1,800.00 and a 2.75% interest rate?​

What is the balance after 3 years on a CD with an initial investment of $1,800.00 and a 2.75% interest rate?​
asked 45.8k views
17 votes
What is the balance after 3 years on a CD with an initial investment of $1,800.00 and a 2.75% interest rate?​

asked
User Mrkiffie
by
8.7k points

1 Answer

3 votes

Answer:

$1952.62

Explanation:

1,800(1+.0275)^3

= 1952.62

answered
User Brandon Pillay
by
7.9k points
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