How do you write 0.012 in words?
2 answers:
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Answer:
Step-by-step explanation:
For this exercise it is important to remember the multiplication of signs. Notice that:
In this case you have the following expression given in the exercise:
Then you can follow the steps shown below in order to solve it:
Step 1: You must solve the subtraction of the numbers 0,65 and 3,21. Then:
Step 2: Now you must find the product of the decimal numbers above. In order to do that you must multiply the numbers.
(As you can notice, both are negative, therefore you know that the product will be positive).
Then, you get that the result is the following:
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.