You deposit X dollars into a 3-year certificate of deposit that pays 4.75 percent annual interest. At the end of the 3 years you have $4,310.16. What number of dollars, X, did you deposit?
A)$3,680.00
B)$3,712.77
C)$3,750.00
D)$3,772.57

Question

Quizplus · Accepted Answer

The Answer of You deposit X dollars into a 3-year certificate of deposit that pays 4.75 percent annual interest. At the end of the 3 years you have $4,310.16. What number of dollars, X, did you deposit?
A)$3,680.00
B)$3,712.77
C)$3,750.00
D)$3,772.57

You Deposit X Dollars into a 3-Year Certificate of Deposit