Answer:
3150 is right answer......
Answer:
2
Step-by-step explanation:
The early withdrawal fee on this account is $6.25
Step-by-step explanation:
Suppose you buy a CD for $1000
- It earns 2.5% APR and is compounded quarterly
- The CD matures in 5 years
- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest
We need to find the early withdrawal fee on this account
∵ The annual interest is 2.5%
- Change it to decimal
∵ 2.5% = 2.5 ÷ 100 = 0.025
∴ The annual interest rate is 0.025
∵ The interest is compounded quarterly
∴ The interest rate per quarter = 0.025 ÷ 4 = 0.00625
∵ The early withdrawal fee is 3 months' interest
∵ You buy the CD for $1000
∵ A quarter year = 3 months
∴ The early withdrawal fee = 1000 × 0.00625 = $6.25
The early withdrawal fee on this account is $6.25
Learn more:
You can learn more about the interest in brainly.com/question/11149751
#LearnwithBrainly
In order to do these, simply translate the sentence mathematically.
1) x-15=7
2)3x+4=13
3)x+x+2+x+4=51
Hope this helped :D. Comment below if you have any questions!
Answer:
The constant rate of change is the average change that happens between a time period. In slope-intercept form, it is the mx part of the equation.
y = mx + b
