Anthony wants to buy cd for $400 that earns 2.5% apr and is compound quarterly. the cd matures in 3 years. hi interest earned will not be reinvested in the cd. what will anthony total interest earned be at the date of maturation? apex a. $60.00 b. $30.00 c. $15.00 d. $7.50

The correct option is:   B.  $30.00

Step-by-step explanation:

The formula for compound interest is.......

, where A= Final amount, P= Initial amount, r= rate of interest in decimal form, n= number of compounding in a year and t= time duration in years.

Anthony wants to buy CD for $400 that earns 2.5% APR and is compound quarterly and the CD matures in 3 years.

So here,  

As the CD is compounded quarterly, so here  

Plugging these values into the above formula......

So, the amount of total interest earned

vertical asymptote .

horizontal asymptote .

step-by-step explanation:

given function is .

vertical asymptote is given by setting

denominator =0

when degree of numerator and denominator are same then divide first term of numerator by first term of denominator to get horizontal asymptote.

it has to have an angle of 90 degrees