Answer:
1. a certificate of deposit
2. multiply the principal by the interest rate and time
Step-by-step explanation:
1. A CD is a savings vehicle called a "Certificate of Deposit." It generally specifies a certain rate of interest for a given period of time. It usually carries an interest penalty for early withdrawal.
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2. The interest on a CD is calculated the way it is calculated for any other investment. The amount of interest in a given time is the product of the principal, the interest rate, and the time period. Interest on a CD with a period of more than 1 year is generally compounded. (The compounding interval will be part of the terms of the CD agreement.)
Answer:
13.27 cm
Step-by-step explanation:
The hypotenuse is always the longest side so:
a^2 + 20^2 = 24^2
a^2 + 400 = 576
a^2 = 176
a = 13.27
Answer:
5x^3-4x-1
Step-by-step explanation:
https://www.symbolab.com/solver/step-by-step/2x%5E%7B3%7D%2B4x-6%20%2B%203x%5E%7B3%7D-8x%2B7
I use symbolab, it's the best calculator for everything. Hope this helps!
Answer:
$4956.23 approx
Step-by-step explanation:
Given data
P= $4860
R= 4%
T= 6 months = 0.5 years
Applying the compound interest formula we have
A=P(1+r)^t
Substitute
A=4860(1+0.04)^0.5
A= 4860(1.04)^0.5
A=4860*1.0198
A=4956.228
Hence the balance will be $4956.23 approx
