Given: Principal Amount (P) = $300
The rate of interest (r) = (3/4) compounded quarterly.
No. quarters in 3 years (n) = 3×4 = 12
To find: The amount for the CD on maturity. Let it will be (A)
Formula: Compound Amount (A) = P [ 1 + (r ÷100)]ⁿ
Now, (A) = P [ 1 + (r ÷100)]ⁿ
or, = $300 [ 1 + (3 ÷400)]¹²
or, = $300 × [ 403 ÷ 400]¹²
or, = $300 × 1.0938069
or, = $ 328.14
Hence, the correct option will be C. $328.14
Answer:
you are so so nice, to give away such big points...may God bless you and stay home and be safe :)
Step-by-step explanation:
1 x 1 is obviously 1
any number multiplied by one that answers that number is the same number.
4 5/6 Hope this helps.
You have to find the common denominator for 1/3 & 4/8. & it’s 24. By doing that you have to multiply 3x8, when you do that you also have to multiply 1x 8 so you get 8/24 , same with 4/8 but with three so you get 12/24. Then add your answer 20/24, which equals out to 20/24 which reduces to 5/6. Add 5/6 to 2+2 and you’re left with 4 5/6. Hope this helps.
Answer:
65
50
Step-by-step explanation:
yeah-ya........ right?
Answer:
C
Step-by-step explanation:
bc i’m right