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24 January, 16:27

Leah wants to buy a CD for $500 that earns 4% APR and is compounded

quarterly for 5 years. She will be taxed on 20% of the interest that she earns.

What is the total amount of interest Leah will earn, after taxes?

O A. $110.10

O B. $25,50

O C. $20.40

O D. $88.07

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Answers (1)
  1. 24 January, 16:59
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    Answer: 88.07
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