Answer: revolving open end credit
Open end credit is when you you're allowed to borrow however much under a certain limit and you must repay that amount within a certain amount of time
Around 14 weeks
45*14=630
675-630=45
So around 14 weeks
CD = certificate of deposit (an investment)
Interest rate, i = 10% per annum (simple interest)
Principal, P = $2000 (present value)
Period, T = 3 months = 0.25 year
Simple interest formula
Interest earned = Pit
=2000*0.10*0.25
=$50
Balance at maturity (amount that investor gets after three months)
=$2000+$50
=$2050
Answer:
b= 11
Step-by-step explanation:
Answer:
B
Step-by-step explanation:
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