Answer:
24.58
Step-by-step explanation:
Given the function
. The above function can be written as

a)Now, the function
has minimum value since the coefficient of
is
.
b) The minimum value of the function occurs at
and its value is

c)The minimum value of the function occurs at
.
The answer is b I hope this helps
So simple interest, you don't compound anything, you will always add 3% from $9500 and it will not change. The equation will look like this:
9500*[1+(0.03*8)]
giving us 9500*1.24 = $11,780