It would take 24 mins to drive 28 miles going 70mph
Answer:
5% compounded quarterly equals (1.0125)^4 -1=0.0509453369140625 or 5.09453369140625 % APR
250*(1.0125)^20=$320.51 at the end of 5 years
Step-by-step explanation:
Answer:
$56.875
Step-by-step explanation:
Given that :
Amount invested = principal, p = 3500
Interest rate, r = 6.5% = 0.065
Penalty on withdrawal = 3 month simple interest
Simple interest = principal * rate * time
Time = 3 months = 3/12 = 0.25 years
Hence,
Simple interest = 3500 * 0.065 * 0.25
Simple interest = $56.875
Hence, penalty paid = $56.875
I have been trying but i am pretty sure it is 36 i think