Answer:
Interest: 3.25%
$ Amount after 3 Years: $1,317.00
Step-by-step explanation:
If Robert invest 1200 dollars in the CD for a period of 3 years, he will earn 3.25% annual interest.
First, converting R percent to r a decimal
r = R/100 = 3.25%/100 = 0.0325 per year.
Solving our equation:
A = 1200(1 + (0.0325 × 3)) = 1317
A = $1,317.00
The total amount accrued, principal plus interest, from simple interest on a principal of $1,200.00 at a rate of 3.25% per year for 3 years is $1,317.00.
I hope this helps. If you have any more questions, please feel free to post them and someone will be able to help you, whether it's myself or others. Please leave a like, rating, and if possible, Brainliest. Have a great day!
Answer:
Step-by-step explanation:
Are there any choices?
2(4x+1)
8x+2
6% of $95 = $5.70
multiply $5.70 by 11 years = $62.70 <— interest gained over 11 years
multiply $18 by 11 years = $198 <— total added over 11 years
add $95 + $62.70 + $198 = $355.70
there will be a total of $355.70 in your account after 11 years
The correct change would be $2.93
Hope this helps!!
Step-by-step explanation:
Commission earned
= 1/32 * Total sales
= 1/32 * $24,000
= $750.