Answer:
(c) $461
Explanation:
You want the balance in an account in which $450 is earning 2.5% interest compounded daily for one year.
Compound interest
The formula for the account balance is ...
A = P(1 +r/n)^(nt)
where principal P is invested at annual rate r for t years, compounded n times per year.
The attachment shows the evaluation of this formula with the given numbers put in.
Carl will have $461 in a year.