Answer: I don’t know
Step-by-step explanation:
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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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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:
Let s be the number of shorts and t be the number of T-shirts. s shorts cost $12s and t T-shirts cost $5t, then you have to find min and max value for the function f(s,t)=12s+5t.
The shaded domain (see image) is defined from the system of unequalities. The green lines are the graphs of function f(x,y) and it intersects domain in first point (0,5) (the minimum point) and in last point (20,0) (the maximum point). So,
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Step-by-step explanation:
