Let their ages be g and k. Then g = k + 3.
Next: (g+7) + (k+7) = 41.
Substituting k + 3 for g in the above equation, we get k + 3 + 7 + k + 7 = 41.
Combining like terms: 2k + 17 = 41. Then 2k = 24, and k = 12.
Kevin is 12 years old and Greg is 15 years.
Answer:
yes. ..........................
Answer: it would be worth $11925 when it matures after 7 years.
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount invested in the CD.
R represents interest rate on the amount invested in the CD.
T represents the duration of the investment in years.
From the information given,
P = $10,000
R = 2.75%
T = 7 years
I = (10000 × 2.75 × 7)/100
I = $1925
Therefore, the worth of the CD in total at the end of 7 years when the CD matures is
10000 + 1925 = $11925
to find slope....
(No)
(No)
(No)
(YES!)