After 3 years what is the total amount of an investment of $1500 in an account paying 3.5% interest, compounded quarterly?
1 answer:
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Answer:
Sam should have bought 3.09 yards of fabric instead of 2.4 yards
So, Option D is correct.
Step-by-step explanation:
Total fabric needed by Sam = 2.75
According to directions on a sewing pattern they say to buy an extra 12.5%
So, extra fabric would be: 12.5% of 2.75
Solving
Now adding 0.343 into 2.75 to get extra fabric quantity:
2.75+0.343
=3.09
Therefore Sam should have bought 3.09 yards of fabric instead of 2.4 yards
So, Option D is correct.