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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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
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Answer:5 * (1/2 * 6 * 14)= x
Step-by-step explanation: :D
Answer:
<h2>y = 2x - 4</h2>
Step-by-step explanation:
The slope-intercept form:
y = mx + b
We have m = 2 and b = -4. Substitute:
y = 2x - 4
40\8
5\1
=5
or
0.2
I hope this help
Answer:
Option a is correct.
Step-by-step explanation:
Since both fiber and sugar are types of carbohydrates and it is given that a portion of food has 24 gm of total carbohydrate and within which 2 gm of fiber and 12 gm of sugar.
Therefore, this food contains 2 g of fiber, 12 g of sugars, and 10 g of other unnamed carbohydrates, for a total of 24 g.
Hence, option (a) is correct. (Answer)
