Answer:
The First 1 is B. And the Second 1 is B. As well.
Step-by-step explanation:
Answer:
225
Step-by-step explanation:
I took the quiz I got this question wrong but the answer is 225
She is incorrect cause if we take the number 20 and take 25% of it it equals 5 so now 20 is only 15. They if we take 75% away from 20 is equals 15 so then we only have 5 from 20 left. Therefore she’s incorrect because 75% leaves 5/20 and 25% leaves 15/20. Hope that makes sense.
Answers:
- interest = $75
- balance at maturity = $3075
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Explanation:
The simple interest formula is
i = p*r*t
where in this case,
- p = 3000 = principal (amount deposited)
- r = 0.10 = annual interest rate in decimal form
- t = 3/12 = 0.25 = number of years
So,
i = p*r*t
i = 3000*0.10*0.25
i = 75 is the amount of interest earned
This adds onto the initial deposit to get the final balance when the CD matures (ie when you're able to withdraw the money without penalties)
The balance at maturity is p+i = 3000+75 = 3075 dollars
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In short, you deposit $3000 into the CD and have to wait 3 months for the amount to update to $3075.
Answer:
No photo?
Step-by-step explanation:
