X=35/6 i hope i helped :-)
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:
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Step-by-step explanation:
Solve the top equation for x and then substitute that into the bottom equation and solve for y:
Top equation: subtract 4 from both sides to get x = y - 4
Substitution and simplify:
y = 4(y - 4) - 10
y = 4y - 16 - 10
y = 4y - 26
-3y = -26
y = 26/3 or 8 1/3 or 8.333 (those are all the same but in different forms)
Answer:
Just a tip that you can use apps on the computer called Math-way and Math papa for free (Sorry i wasn't able to answer but I tried my best) Hope This helps!
Step-by-step explanation:
