9514 1404 393
Answer:
D) $304.47
Step-by-step explanation:
The value of the account is found using the compound interest formula:
A = P(1 +r/n)^(nt)
where interest rate r compounded n times per year for t years is applied to principal P.
A = $300(1 +0.0148/365)^(365·1) ≈ $304.47
