Answer:
2f
Step-by-step explanation:
3f-2f+f | Given
1f + f | Subtract 3f and 2f
2f | Add 1f and 1f.
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
It has only one solution because it is a linear equation
If she starts with 55000 per year, and she get 1700 per year extra, after fifteen years this extra will be 1700*15, or 25500. Add this to her original salary of 55000 per year to get $80500.
