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- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest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
Learn more:
You can learn more about the interest in brainly.com/question/11149751
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1 cm = 20 km
so 3.5 cm would equal : 3.5 * 20 = 70 km <==
Yay, implicit differnentiation
when you take the derivitive of y, you multiply it by dy/dx
example
dy/dx y^2=2y dy/dx
for x, the dy/dx dissapears
ok
so differnetiate and solve for dy/dx
3y² dy/dx-(y+x dy/dx)=0
expand
3y² dy/dx-y-x dy/dx=0
3y² dy/dx-x dy/dx=y
dy/dx (3y²-x)=y
dy/dx=y/(3y²-x)
so at (7,2)
x=7 and y=2
dy/dx=2/(3(2)²-7)
dy/dx=2/(3(4)-7)
dy/dx=2/(12-7)
dy/dx=2/5
answer is 2/5
Answer:
72%
Step-by-step explanation:
90/125 is .72
out of 125 CD's there are 72% of rock CD's and 28 of unknown CD's
