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

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) $\quad \$ 102.53$