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lord [1]
3 years ago
5

Find the value of the expression

Mathematics
1 answer:
Yuri [45]3 years ago
6 0

Answer:

18.5

Step-by-step explanation:

3 + 16 - 2 · 1 ÷ 4

3 + 16 - .5

19 - .5

= 18.5

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Answers:

  • interest = $75
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=============================================================

Explanation:

The simple interest formula is

i = p*r*t

where in this case,

  • p = 3000 = principal (amount deposited)
  • r = 0.10 = annual interest rate in decimal form
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So,

i = p*r*t

i = 3000*0.10*0.25

i = 75 is the amount of interest earned

This adds onto the initial deposit to get the final balance when the CD matures (ie when you're able to withdraw the money without penalties)

The balance at maturity is p+i = 3000+75 = 3075 dollars

---------------

In short, you deposit $3000 into the CD and have to wait 3 months for the amount to update to $3075.

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