SOLUTION: I have been stuck on this problem for three days now...anyone who could help will be greatly appreciated!! Thanks in advance: John invested P dollars in a 2 year CD with an annua

Question 3855: I have been stuck on this problem for three days now...anyone who could help will be greatly appreciated!! Thanks in advance:
John invested P dollars in a 2 year CD with an annual rate of return of r. After the CD rolled over two times, it's value was P((r+1)^2)^3. 1)
Which law of exponents can be used to simplify the expression? 2) Simplify it.
Answer by longjonsilver(2297) (Show Source): You can put this solution on YOUR website!
which law? mmmm not sure of its name, but it is the one that says is .

So, we get P(r+1)^6

jon.

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