1.1% converts to 0.011 after moving the decimal point 2 spots to the left
Multiply this with 845.12
845.12*0.011 = 9.29632
Round 9.29632 to the nearest penny to get 9.30
Answer: B) $9.30
Exact interest rate means there are 365 days in a year
The formula is
A=p (1+rt)
A=3,250×(1+0.1175×(31÷365))
A=3,282.43
Hope it helps
Answer:
Step-by-step explanation: