1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dimas [21]
3 years ago
9

Adam invested $12,000 in a six-year CD that paid 7.1% interest, but later needed to withdraw $2,500 early. If the CD's penalty f

or early withdrawal was eighteen months' worth of interest on the amount withdrawn, how much of a penalty did Adam pay?a. $138.89b. $177.50c. $266.25d. $319.50
Mathematics
1 answer:
Neporo4naja [7]3 years ago
7 0

Answer:

C

Step-by-step explanation:

The amount Adam invested in a six years CD was $12,000 was 7.1%

Adam made a withdrawal of $2500 early. The early withdrawal was worth eighteen months of interest on the amount withdrawn.

Monthly interest = 7.1% / 12

= 0.59%

The interest for 18 months will be

(7.1% /12)18

= 10.65%

The penalty for withdrawing early was 18 months worth the interest on the amount withdrawn

= 2500 * 10.65%

= 266.25

This means Adam needs to pay a penalty of $266.25 for withdrawing early

You might be interested in
State the value of the discriminant of -6x^2 +2x + 3 = 0
Dmitry [639]

Answer:

76

Step-by-step explanation:

recall that for a quadratic equation in the form

ax² + bx + c = 0, the discriminant is given by

discriminant, D = b²- 4ac

we are given the following:

-6x² + 2x + 3 = 0,

comparing this with the general equation above, it is clear that,

a = -6, b = 2 and c = 3,

substituting these into our equation for discriminant:

D = b²- 4ac

= 2² - 4(-6)(3)

= 4 + 72

= 76

4 0
3 years ago
WILL GIVE BRAINLIEST& 15 PTS.
kicyunya [14]

Answer:

The given fraction \frac{x^3-x^2}{x^3} reduces to  \frac{x-1}{x}

Step-by-step explanation:

Consider the given fraction \frac{x^3-x^2}{x^3}

We have to reduce the fraction to the lowest terms.

Consider numerator x^3-x^2

We can take x² common from both the term,

Thus, numerator can be written as x^2(x-1)

Given expression can be rewritten as ,

\frac{x^3-x^2}{x^3}=\frac{x^2(x-1)}{x^3}

We can now cancel x^2 from both numerator and denominator,

\Rightarrow \frac{x^2(x-1)}{x^3}=\frac{x^2(x-1)}{x^2 \cdot x}

\Rightarrow \frac{(x-1)}{x^2 \cdot x}=\frac{x-1}{x}

Thus, the given fraction \frac{x^3-x^2}{x^3} reduces to  \frac{x-1}{x}

6 0
3 years ago
Read 2 more answers
A study was done on the batting averages for two basebal a players: Hitmore and Bunter. Data were collected over a period of tim
masha68 [24]

Answer:

the answer is (B) this is an example of Simpson paradox.

Step-by-step explanation:

Simpson's paradox is a phenomenon in probability and statistics, in which a trend appears in several different groups of data but disappears or reverses when these groups are combined.

5 0
3 years ago
amy and her family were traveling during their vacation. she looked at her watch at point 1 in the diagram below, and then again
oksano4ka [1.4K]
So if in 2 hours you drove 80 miles the in 1 hour you have to have driven 40 miles (80m/2h)
so you have to divide the 1200 miles by the 40mph to find out how many hours the trip will take (1200m/40mph=30h)
3 0
3 years ago
In an experimental treatment, a random individual scores 51 on a measurement. People in general are normally distributed with a
fiasKO [112]

Answer:

There is significant evidence that treatment will create effect on the subject. Hence We reject H0

Step-by-step explanation:

H0 : μ = 37

H1 : μ ≠ 37

μ = 37 ; σ = 7 ; sample size, x = 51 ; sample size, n = 1

Decision region :

If P value < α ;

Reject H0

Using the Z test statistic :

Zstatistic = (x - μ) ÷ (σ / √n)

Zstatistic = (51 - 37) ÷ (7 / 1)

Zstatistic = 14 ÷ 7

Zstatistic = 2

Obtaining p value from Zstatistic using the p value calculator ;

Zscore = 2 ; 2-tailed test, significance level = 0.05

P value = 0.0455

Zcritical at α = 0.05 for a 2 - tailed test = 1.96

0.0455 < 0.05

There is significant evidence that treatment will create effect on the subject. Hence We reject H0

5 0
2 years ago
Other questions:
  • B is the midpoint of 2004-01-01-04-00_files/i0420000.jpg. Find the length of 2004-01-01-04-00_files/i0420001.jpg
    5·2 answers
  • Please help me with this question
    15·2 answers
  • What is a factor of 5x2 - 15x - 20<br>a.) x+3<br>b.) x + 4<br>c.) x - 5<br>d.) x+1
    13·1 answer
  • Mary's four friends have 1/3 of a pound of jelly bellies. They want to put them all together, how much candy do they have ?
    6·1 answer
  • Can someone please help me? Please
    12·2 answers
  • Simplify the product.<br> 8p(-3p^2+6p-2)<br> Please show Step-by-Step
    5·1 answer
  • 19<br> Work out the highest common factor (HCF) of 75 and 105
    10·2 answers
  • What is 4+2(5)+(-3)=
    5·2 answers
  • Sleeper Class coaches of the Indian Railways have a seat numbering arrangement as shown
    12·1 answer
  • 30% of the students in a class score an A on the last test. There are 50 students in the class. How many students scores an A on
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!