Answer:
$431.11
Explanation:
To find how much the CD of Maurice will be after 3 years, we need to use the formula:

Now let's find all of our available variables.
P = $400
r = 2.5% or 0.025
t = 3 years
n = 12 months (Compounds monthly)
Now we can use the formula by substituting our values.






The CD of Maurice will be $431.11 after 3 years.