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:
You are rocking this... This is correct! :D
Step-by-step explanation:
Please give me brainliest :)
Answer:
My calculator said error and i tried looking it up it said error too. I'm sorry I tried, you'll have to do it by hand
Step-by-step explanation:
Answer:
What is the constant variation of Y =- 2 3x?
The constant of variation, k , is 23 .
Step-by-step explanation:
When x is zero in a direct variation equation y will also be zero. That means that the y-intercept of all direct variation equations is always zero.
I think it is 9 6/9 but im not quite sure .
