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:
10.50
Step-by-step explanation:
5% of 10 is 0.5
0.5+10=10.50
Answer:
Step-by-step explanation:
going to the 2/5 power is the the fifth root of a square. For fraction exponents going into radical form use the denominator as you root of and use the numerator as the exponent of the rest making sure to multiply any other exponents by that number and when there is no exponent treat it as having an exponent of one for the multiplying.