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Nicholas wants to buy a cd for $200 that earns 3% apr and is compounded quarterly. the cd matures in 5 years. his interest earned will not be reinvested in the cd.what will nich…

Nicholas wants to buy a cd for $200 that earns 3% apr and is compounded quarterly. the cd matures in 5 years. his interest earned will not be reinvested in the cd.what will nich…
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nicholas wants to buy a cd for $200 that earns 3% apr and is compounded quarterly. the cd matures in 5 years. his interest earned will not be reinvested in the cd.what will nicholas total interest be at the date of maturation?

User Jose Reyes
by
7.5k points

2 Answers

6 votes

Answer:

the correct answer is $1.50 for me

Explanation:

st took the quiz and got this question correct, hope this helps!

User Ishan Shah
by
8.1k points
3 votes

Answer: 30

Explanation:

User Michael Hunziker
by
8.4k points
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