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
Answer:
x = 0 , 2/3
Step-by-step explanation:
3x^3-x^2=x^2
3x^3-2x^2=0
x^2(3x-2)=0
Now split into two equations:
1)
x^2=0
x=0
2)
3x-2=0
3x=2
x=2/3
Answer:
Good question! The correct answer is a) increases and b) increases.
While the pair of answers a) decreases and b) decreases or the pair a) stays the same and b) stays the same would be technically correct answers, this is the best way of describing the trend of the scatter plot; typically, trends are described by how the dependent or y-variable responds to the independent or x-variable increasing.
Answer:12533
Step-by-step explanation:
