We try the all of the numbers until we find it
1*1=1
2*2=4
3*3=9
4*4=16
5*5=25
6*6=36
7*7=49
So the answer is 7
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