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
Standard deviation is calculated by the square root of the variance. Now, how do we solve the variance? The variance is the <span>average of the </span>squared differences from the Mean. Calculating the variance, we can obtain a standard deviation of <span>3.74. Therefore, the correct answer is option A.</span>
Answer:
The answer is 32.
Step-by-step explanation:
