Answer:
m<−5
Step-by-step explanation:
Step 1: Flip the equation.
m+4<−1
Step 2: Subtract 4 from both sides.
m+4−4<−1−4
m<−5
Hope this helped <3
Answer:
$56.875
Step-by-step explanation:
Given that :
Amount invested = principal, p = 3500
Interest rate, r = 6.5% = 0.065
Penalty on withdrawal = 3 month simple interest
Simple interest = principal * rate * time
Time = 3 months = 3/12 = 0.25 years
Hence,
Simple interest = 3500 * 0.065 * 0.25
Simple interest = $56.875
Hence, penalty paid = $56.875
