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:
2+2=4
Step-by-step explanation:
if you put up 2 fingers and then add 2 more (2+2) you will get 4!
lol I hope that helped!
Answer:
Its C I know but I have my friend that knows this by heart
If a laptop originally costs $800 at purchase, and is then discounted by
10%, the remainder would be $720, given that 10% of $800 is $80.
Therefore, once then applying the credit card to reduce it another $150,
the final price of the laptop would come out to $570 once the
deductions are considered.
Answer:
y-1=-3/4(x+8)
Step-by-step explanation:
y=mx+b where m=slope and b=y-intercept,
y-y1=m(x-x1)
y-1=-3/4(x-(-8))
y-1=-3/4(x+8)
