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<span>The correct answer is: Option (C) $1393.21
Explanation:
At the beginning of the Second year, the total balance would be:
$1200 + ($1200 * 7.75 / 100) = $1293
At the beginning of the Third year, the total balance would be:
$1293 + ($1293 * 7.75 / 100) = $1393.21 (Option C)</span>
Answer:
On Tuesday
3/4 + 3/4 = 3/2 = 1 1/2 = 1.5
On Wednesday
2/4 + 1 1/4 = 7/4 = 1 3/4 = 1.75
Then we subtract
1.75 - 1.5 = 0.25
$48.32* (15/100)
= $7.25.
The final answer is $7.25~