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The river family invested $4300 in a certificate of deposit (cd). The rate of interest is 2.8% compounded yearly. Give the value of the cd at the end of 6 years
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The river family invested $4300 in a certificate of deposit (cd). The rate of interest is 2.8% compounded yearly. Give the value of the cd at the end of 6 years

User Codor
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2 Answers

2 votes
the answer is $722.40
User Kevin Busch
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2 votes

Answer:

$722.40

Explanation:

2.8% x 4300 = 120.4

120.4 x 6 = 722.40

User TylerW
by
5.7k points
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