The money in dollars that must be put in this cd in order to have $5,000 in 3 years is $4,081.63
The formula for simple interest and procedure we will use to solve this exercise is:
A = P {1 + [(R/100) * T]}
Where:
- P = principal
- R = rate of interest in % per annum
- T = time
- A = amount
Information about the problem:
- P = ?
- R = 7.5%
- T = 3 years
- A = $5,000
Applying the simple interest formula and isolating the principal (P), we get:
A = P {1 + [(R/100) * T]}
$5,000 = P {1+[(7.5/100) * 3]}
$5,000 = P [1+(0.075*3)]
$5,000 = P (1+0.225)
$5,000 = P (1.225)
P = $5,000/ 1.225
P = $4,081.63
<h3>What is simple interest?</h3>
It is the operation in which we calculate the profit produced by a capital loaned at a given percentage.
Learn more about simple interest at: brainly.com/question/20690803
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Step-by-step explanation:
Hence, each episode lasted for 50 minutes on an average.
Answer:
5.04
Step-by-step explanation:
1 can equals to 336 grams
so 15 cans will equal to 336 X 15
which is 5040grams
now covert it into kg by dividing it by 1000
which 5.04
6+5+2=13. There are 13 tennis balls in each bag. There are 3 bags. 13x3=39. Martina has 39 tennis balls in all.
Answer:
Below in bold.
Step-by-step explanation:
We have a right triangle here with the hypotenuse = 2 and the legs are 1 and √3.
If tan A > 0 then the opposite side to < A in the triangle is greater than the adjacent so the leg opposite angle A is √3 and the adjacent side = 1.
So cos A = adj/hyp = 1/2.