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
-18,-5,-1,1,1,2,8 Hope this helps!
Hi there, so we know that all triangles add up to 180 degrees so we will take 38 and add it with 25 to get 63 then we subtract 180 by 63 to get 117 which is your awnser!! I mean I might be wrong but I’m probably right. I hope this helps!! Have a great morning, night, or day, Whatever it is for you!
