If a Married Couple Invests $\$ 2,000$ In a 1 -Year Certificate of Deposit At

question 151

Multiple Choice

If a married couple invests $\$ 2,000$ in a 1 -year certificate of deposit at $5 \%$ annual interest, compounded daily, how much interest will be earned during the year?

• A) \(\quad \$ 102.93\)
• B) \(\quad \$ 71.77\)
• C) \(\quad \$ 103.53\)
• D) \(\quad \$ 103.33\)
• E) \(\quad \$ 102.53\)

---

Definitions:

Wheat

A cereal grain that is a staple food worldwide, used for making products like bread, pasta, and flour.

Barley

A cereal grain that is used in various foods, beverages, and as animal feed.

Minutes

measurement unit of time equal to 1/60th of an hour or 60 seconds.

Arrives

The act of reaching a destination or coming into presence at a specific place or time.