Answer:
sheeeeeesh
Step-by-step explanation:
The question is asking to choose among the following choices states the value of penalty that Adam would have if the CD's penalty for early withdrawals was eighteen months' worth of interest on the amount width drawn, and base on my calculation, the possible answer would be letter C. $266.25
Answer:
The answer is 215. Hope it helped.
Step-by-step explanation:
Answer: Marc should deposit $2766
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
A = $3500
r = 8% = 8/100 = 0.08
n = 2 because it was compounded 2 times in a year.
t = 3 years
Therefore,
3500 = P(1+0.08/2)^2 × 3
3500 = P(1+0.04)^6
3500 = P(1.04)^6
3500 = 1.2653P
P = $2766
In the case that you presented, the ratio is
50/100 = (x1)^2 / (x2)^2
1/2 = (x1)^2 / (x2)^2
x1 : x2 = 1 : √2
^2 means squared
