I’m sorry if I’m wrong but 4/36=7/8?
Answer:
To obtain $ 100 in simple interest with a rate of 1.5%, Katie must deposit $ 6,666.66.
Step-by-step explanation:
Given that Katie wants to know how much she needs to deposit into a two year CD account in order to earn $ 100 in simple interest, knowing that the account currently has a 1.5% interest rate, the following calculation must be performed:
X x 0.015 = 100
X = 100 / 0.015
X = 6,666.66
6,666.66 x 1.015 = 6,766.66
Thus, to obtain $ 100 in simple interest with a rate of 1.5%, Katie must deposit $ 6,666.66.
Answer:
3.12
Step-by-step explanation:
Answer:
D
Step-by-step explanation:
-10° C is the lowest temperature and 7°C is the highest temperature.
