Answer: it would be worth $11925 when it matures after 7 years.
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount invested in the CD.
R represents interest rate on the amount invested in the CD.
T represents the duration of the investment in years.
From the information given,
P = $10,000
R = 2.75%
T = 7 years
I = (10000 × 2.75 × 7)/100
I = $1925
Therefore, the worth of the CD in total at the end of 7 years when the CD matures is
10000 + 1925 = $11925
If you would like to calculate 7 * 3/4, you can do this using the following steps:
7 * 3/4 = 21/4 = 5 1/4
The correct result would be 21/4.
the answer is step by step CFE
2.1 x 10^10/ 7 x 10^17
= 3 x 10^-8
hope this helps and have a great day :)
