Anthony wants to buy a CD for $400 that earns 2.5% APR and is compounded
quarterly. The CD matures in 3 years. He will be paid the interest he earns
each quarter. How much interest will Anthony have earned on this CD after
the first quarter?

A. $10.00
B. $3.25
c. $1.25
D. $2.50

Respuesta :

Answer: the answer is $2.50 APEX

Answer: $2.50

Step-by-step explanation: took the quiz.