Answers:
- interest = $75
- balance at maturity = $3075
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Explanation:
The simple interest formula is
i = p*r*t
where in this case,
- p = 3000 = principal (amount deposited)
- r = 0.10 = annual interest rate in decimal form
- t = 3/12 = 0.25 = number of years
So,
i = p*r*t
i = 3000*0.10*0.25
i = 75 is the amount of interest earned
This adds onto the initial deposit to get the final balance when the CD matures (ie when you're able to withdraw the money without penalties)
The balance at maturity is p+i = 3000+75 = 3075 dollars
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In short, you deposit $3000 into the CD and have to wait 3 months for the amount to update to $3075.
Answer:
y < - 12
Step-by-step explanation:
y + 15 < 3 ( subtract 15 from both sides )
y < - 12
Answer:
what is expected at 7am is 15 inches deep snow but what we have is 12 inches deep snow. The equation has failed in its prediction.
Step-by-step explanation:
In this question, we are asked to calculate if the prediction made by an equation modeled is correct.
Firstly let’s look at the equation in question;
y = 3t - 6
where y is the snow depth and t is the number of hours after midnight.
now we are looking at 7am, that’s 7 hours past 12am, meaning 7 hours after midnight.
let’s plug the value of t as 7 into the equation
y = 3(7) - 6
y = 21-6
y = 15 inches
according to the equation by Kevin, what is expected is 15 inches deep snow but what we have is 12 inches deep snow. The equation has failed in its prediction.
