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Solve the Application Problem

Question 13

Multiple Choice

Solve the application problem. If no interest rate is given, assume Solve the application problem. If no interest rate is given, assume interest compounded daily. Round to the nearest cent. -On October 1, The Bakery opened a savings account with a deposit of $15,100. A withdrawal of $7500 was made 15 days later and another withdrawal of $400 was made 8 days before January 1. Find the balance on January 1. A) $7,277.30 B) $7,277.82 C) $7,277.14 D) $7,277.89 interest compounded daily. Round to the nearest
cent. Solve the application problem. If no interest rate is given, assume interest compounded daily. Round to the nearest cent. -On October 1, The Bakery opened a savings account with a deposit of $15,100. A withdrawal of $7500 was made 15 days later and another withdrawal of $400 was made 8 days before January 1. Find the balance on January 1. A) $7,277.30 B) $7,277.82 C) $7,277.14 D) $7,277.89
-On October 1, The Bakery opened a savings account with a deposit of $15,100. A withdrawal of $7500 was made 15 days later and another withdrawal of $400 was made 8 days before January 1. Find the balance on January 1.


A) $7,277.30
B) $7,277.82
C) $7,277.14
D) $7,277.89

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