It’s the last one (10,800)
Answer:
12.5
Step-by-step explanation:
4+21=25
25/2=12.5
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.
When you look at the x = 0 and y = -2, that is the y-intercept since the x = 0.
Then when you look at the second one, it goes right one and up four.
As rise over run, it would be 4 / 1 or simply 4.
The slope is 4 and the y-intercept is -2
Plug it in the equation: y = mx + b. M is the slope and B is the y-intercept.
y = 4x -2