$18 * 15% = 2.70
$18 - $2.70 = $15.30
$15.30 * 6% = 0.918
$15.30 + $0.918 = $16.218 = $16.22
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
The top right is a function, because no point cross twice over the y axis
Whatsize of cups
Baby cups
Mommy cups
Other cups
10x^3
since it only has 1 term, it is a monomial
and since the exponent is 3, it has a degree of 3
so it is a 3rd degree monomial