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:
B
Step-by-step explanation:
Every (x,y) pair is equal to each other, thus making them proportional :)
Answer:
Step-by-step explanation:
We will use the co-function identity for sine, where:
Since sin(21)=0.358=cos(x). This means that:
Solve for x. Add x to both sides:
Subtract 21 from both sides:
Hence:
Answer:
months
Step-by-step explanation:
Given that company 
charges 
upfront and 
per month and company B does not charge the upfront fee but charges 
per month.
Let after 
months both the company charges the same amount.
Total charges by the company 
and total charges by the company 
.
Now, from the given condition both the charges are equal, so
Hence, after months both the company charges the same amount.
