Value of the CD after 3 months is given by 300(1 + 0.03 / 4) = 300(1 + 0.0075) = 300 x 1.0075 = $302.25.
Therefore, interest for 3 months = $302.25 - $300 = $2.25
Answer:the first option
Step-by-step explanation:
Answer:
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When written in scientific notation,
that number looks like this:
3.308 x 10⁶ .