<span>The answer to your question is 3.</span>
I = Prt
Interest on CD = 0.0425 x $1,800 = $76.5
Interest on savings = 0.0275 x $1,800 = $49.5
Difference of interest on CD and Interest on savings = $76.5 - $49.5 = $27
Therefre, he will earn $27 more if he invest in a CD rather than in a savings.
Previous balance:
+ $481,47→ 11/30
- $300,00 → 11/02
- $68,99 → 11 / 10
- $45,00 → 11/15
- $72,75 → 11/17
----------------------------
+ $481,47 - $113,26 =
+ $368,21
new balance:
+ $481,47→ 11/30
- $300,00 → 11/02
- $

→ 11 / 10 for -$58,99
- $45,00 → 11/15
- $

→ 11/17 for $ 0
-------------------------------------------------------------------------------------
+ $481,47 - $196,01 =
+$285,46
Answer: