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ss7ja [257]
3 years ago
6

Blanche bought a 5-year cd for $7100 with an apr of 2.8%, compounded quarterly, but she wants to take all her money out 9 months

early. the early redemption fee for the cd is 3 months' interest on the original principal. help blanche determine how much money she will end up earning in interest on the cd. (5 points: part i – 1 point; part ii – 1 point; part iii – 1 point; part iv – 1 point; part v – 1 point)
Mathematics
1 answer:
katrin2010 [14]3 years ago
4 0
The formula for getting the accumulated amount(compounded) is;
A =P(1+r%)∧n
Where A = Acumulated amount 
            P = principle (deposit)
            r = interest rate and
            n = period
Since the interst is compounded quartly, 
period = (5×4)-3 = 17

A = 7100(1+2.8/100)∧17
   = 7100×1.028∧17
   = 11,353.80

The money she will end up earning in interest on the cd = $11,353.80
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2 years ago
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1. 474

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Step-by-step explanation:

1. If the three-digit number is xyz, then y = z + 3.

When rounded to the nearest ten and reduced by 320, the result is 150.  150 + 320 = 470, so x = 4.  y = 6 if z ≥ 5, and y = 7 if z < 5.

So the number is either 463 or 474.  463 doesn't round to 470, so the answer is 474.

2. If the three-digit number is xyz, then z = x + 4.  y is the largest of the three digits; since all the digits are odd, y is either 5, 7, or 9.  So z is either 5 or 7, and x is either 1 or 3.

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3 years ago
Use a calculator to find an approximate solution to the equation. Round any intermediate work and steps to three decimal places.
Mariana [72]
Given;
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we divide the 9.6 to 6 and we get 1.6

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x = 2.153 
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