Multiply. Type your answer in the box. Do not use any spaces. (–9) x (+2) =
1 answer:
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Answer:
Option D
Step-by-step explanation:
To calculate compound interest we will use the formula :
Where,
A = Amount on maturity
P = Principal amount = $3000
r = rate of interest = 8.4% = 0.084
n = number of compounding period = Monthly = 12
t = time = 1 year
Now put the values in the formula.
=
= 3000(1.007)¹²
= 3000 × 1.08731066
= 3261.93198 ≈ $3261.93
While the other bank compounds interest daily.
Therefore, n = 365
Now put the values in the formula with n = 365
= 3000 × 1.08761958
= 3262.85874 ≈ $3262.86
Difference in the ending balance = 3262.86 - 3261.93
= $0.93
The difference in the ending balances of both CDs after one year would be $0.93.
First, let me show you some notation.
To show a matrix is an inverse of another matrix, we write
-1 is not an exponent. It just shows that a matrix is an inverse of another matrix.
For a 2x2 matrix, we can get the inverse by first making b and c negatives and swap the positions of a and d.
Then multiply each entry in the matrix by 1 divided by the determinant.
![\left[\begin{array}{ccc}a&b\\c&d\end{array}\right]^{-1} = \frac{1}{ad - bc}\left[\begin{array}{ccc}d&{-b}\\{-c}&a\end{array}\right] = \\ \\ \\ \left[\begin{array}{ccc}d(\frac{1}{ad-bc})&{-b}(\frac{1}{ad-bc}) \\ {-c}(\frac{1}{ad-bc}) &a(\frac{1}{ad-bc}) \end{array}\right]](https://tex.z-dn.net/?f=%20%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7Da%26b%5C%5Cc%26d%5Cend%7Barray%7D%5Cright%5D%5E%7B-1%7D%20%3D%20%0A%20%20%5Cfrac%7B1%7D%7Bad%20-%20bc%7D%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7Dd%26%7B-b%7D%5C%5C%7B-c%7D%26a%5Cend%7Barray%7D%5Cright%5D%20%3D%20%20%5C%5C%20%20%5C%5C%20%5C%5C%20%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7Dd%28%5Cfrac%7B1%7D%7Bad-bc%7D%29%26%7B-b%7D%28%5Cfrac%7B1%7D%7Bad-bc%7D%29%20%5C%5C%20%7B-c%7D%28%5Cfrac%7B1%7D%7Bad-bc%7D%29%20%26a%28%5Cfrac%7B1%7D%7Bad-bc%7D%29%20%5Cend%7Barray%7D%5Cright%5D)
I hope this helped!
To show a matrix is an inverse of another matrix, we write
-1 is not an exponent. It just shows that a matrix is an inverse of another matrix.
For a 2x2 matrix, we can get the inverse by first making b and c negatives and swap the positions of a and d.
Then multiply each entry in the matrix by 1 divided by the determinant.
I hope this helped!