Jim Russell’s $1,500 deposit could earn $18.87 in 12 months in a savings account paying 1.25% daily interest. How much more interest could Jim earn in a 3-month CD that pays 3.26% simple interest every 3 months during the 12-month period (Hint: he will renew the CD 4 times in that 12- month period)?

a and c

step-by-step explanation:

the answer is y = 11.54

hope this : )

take the logarithm of both sides (the base of the log doesn't matter):

apply the exponent property - this says that :

distribute the log terms on both sides:

group like terms together:

divide through both sides by the coefficient on :

you can do some additional rewriting here using the properties of the logarithm to simplify things if you like:

i think it’s a i believe