Given: Principal Amount (P) = $300
The rate of interest (r) = (3/4) compounded quarterly.
No. quarters in 3 years (n) = 3×4 = 12
To find: The amount for the CD on maturity. Let it will be (A)
Formula: Compound Amount (A) = P [ 1 + (r ÷100)]ⁿ
Now, (A) = P [ 1 + (r ÷100)]ⁿ
or, = $300 [ 1 + (3 ÷400)]¹²
or, = $300 × [ 403 ÷ 400]¹²
or, = $300 × 1.0938069
or, = $ 328.14
Hence, the correct option will be C. $328.14
Answer:
25
Step-by-step explanation:
ratio 5:6
6x = 5(30)
6x = 150
x = 25
Answer:
Where is the N in the equation
Answer:
20.5 : 61.5
Step-by-step explanation:
1:3
1 + 3 = 4
82 ÷ 4 = 20.5
ratio of 1:3
1 × 20.5 = 20.5
3 × 20.5 = 61.5
20.5 : 61.5
Answer:
<em>Assuming person A and person B are part of the 7 people</em>, there are 10 ways the 7 people can line up if A needs to be first or last and B needs to be in the middle.
Step-by-step explanation:
There are 2 places for A (first, last) and 5 places for B (anywhere but first or last). 2 x 5 = 10.
