Im not sure what the answer is but dont open the link its a virus
Answer:
2534.081
Step-by-step explanation:
Answer:
it will take at least 10 weeks of saving to buy the bike
X=0.84....................
Answer:
$56.875
Step-by-step explanation:
Given that :
Amount invested = principal, p = 3500
Interest rate, r = 6.5% = 0.065
Penalty on withdrawal = 3 month simple interest
Simple interest = principal * rate * time
Time = 3 months = 3/12 = 0.25 years
Hence,
Simple interest = 3500 * 0.065 * 0.25
Simple interest = $56.875
Hence, penalty paid = $56.875