The amount of calvin’s starting balance for the next month will be C. $625.91.
<h3>How to calculate the amount?</h3>
From the information given, the monthly percentage rate will be:
= 14.75/12
= 1.22%
Therefore, the amount of calvin’s starting balance for the next month will be $625.91.
In conclusion, the correct option is C.
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I'm assuming that subtraction sign is mean to be an equals sign. If that is true than the answer is 403.75.
Answer:
In mathematics, the dot product or scalar product is an algebraic operation that takes two equal-length sequences of numbers (usually coordinate vectors), and returns a single number. ... Algebraically, the dot product is the sum of the products of the corresponding entries of the two sequences of numbers
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