SOLUTION: Can someone guide me through solving the following problem? John invested P dollars in a 2yr CD with an annual rate of return of R. After the CD rolled over three times, its valu

Question 81534: Can someone guide me through solving the following problem? John invested P dollars in a 2yr CD with an annual rate of return of R. After the CD rolled over three times, its value was P((1+r)^2)^3. Which law of exponents can be used to simplify the expression? Simplify it
Answer by rapaljer(4671) (Show Source): You can put this solution on YOUR website!
When you raise a power to a power, you multiply the exponents!!

R^2 at SCC

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