Answer
98 seconds
Step by step explanation
The reason being is that .5 would be millisecond and 5 will round up making the answer be 98 seconds
Answer: it would be worth $11925 when it matures after 7 years.
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount invested in the CD.
R represents interest rate on the amount invested in the CD.
T represents the duration of the investment in years.
From the information given,
P = $10,000
R = 2.75%
T = 7 years
I = (10000 × 2.75 × 7)/100
I = $1925
Therefore, the worth of the CD in total at the end of 7 years when the CD matures is
10000 + 1925 = $11925
The answer to the question above is x=-4.5
Z = (x - m)/s
z = (38-40)/8
z = -2/8
z = -1/4
z = -0.25
The z score is -0.25
