You save $3,260.00 in a savings account earning a 3.55% apr compounded monthly. how much is the total interest earned by the end of the third month? a) $23.56 b) $21.02 c) $28.59 d) $27.01

$29.02    

Step-by-step explanation:  

We will use compound interest formula to find the amount of interest after 3 months.

, where,

A= Amount after T years.

P= Principal amount.

r= Annual interest rate in decimal form.

n=  Number of times interest is compounded per year.

T= Time in years.

Let us convert our given interest rate in decimal form.

Let us convert our given time in years.

Let us substitute our given values in above formula.

We will use formula to find the amount of interest.

Therefore, the total interest earned by the end of the third month will be $29.02.

step-by-step explanation:

through just a quick inspection, one can see that the graph of this cubing function starts in quadrant iii and ends in quadrant i.   when x = 0, y = 3, so the y-intercept is (0, 3).

if graphs are part of the problem statement, share them.   .

- "runner b is moving at a slower rate."

- "the graphs shown are graphs of distance(km) against time(min).

the slopes of this graphs are are given by:

slope = (change in y)/(change in x)

= (change in distance)/(change in time)

this is the formula for finding the speed. so, the slope of these graphs represent the speed of the runner.

taking each division in the graph to represent 1 on both axis:

runner a ⇒ speed = (2-0)/(1-0)

= 2/1

= 2 km/min

runner b ⇒ speed = (3-0)/(3-0)

= 3/3

= 1 km/min

this shows that   runner b is moving at a slower rate."