Answer: Answer:
Its sad that you have to uses this app to get the right answers.
Have you ever stopped to ponder if someone is trying to scam/Catfish you?
Also I bet that you haven't even tried reading this question.
I know that you can do it yourself!
If not then, Sorry to hear.
Also
The answer is:
Do it yourself, Because if you try..You'll have a better answer then I ever could. Or anyone TBH
Answer: $24.47
Step-by-step explanation: I don’t understand the kilometers.
Answer:
I believe 9
Step-by-step explanation:
18/2=9 i think this is your answer
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.
