N and d are both numbers of thousands of dollars.
Thus, if n = 1, that means $1000.
Here n = d + 0.4.
Note that in C, n+0.04=n is completely wrong.
Similarly, in D, d = 0.04 = n is completely wrong.
The "combined profit amount" for Nov. and Dec. is n + d = 3.15.
Only A matches this info. Your answer is A.
Answer:
839.25
Step-by-step explanation:
75 x 1119 / 100 = 839.25
Use the formula A=p(1+r)^n
where
A= value of investment
r= rate
n= time period
p= amount invested
in this question
r= 5.75% but compounded quarterly means divide this by 4
r= 23/1600
n=7*4
n=28
p= $1200
A=1200(1+23/1600)^28
A= $1789.54
Therefore the value of her investment in 7 years is $1789.54
Because the factor would divide it into two