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
Solve for y by setting one equation =to X after that you can substitute the equation into the other one let's set the first one in X= FORM
X-7y=10
-2x+14y=-20
Add 7y to both sides of the first equation to let x stand alone
X=7y+10
Now you can substitute x on the second equation
-2 (7y+10)+14y=-20
Distribute
-14y-20+14y=-20
Add and simplify
Us cancel out =0
-20=-20
0=0
They are the same equations you can also divide the second equation by -2 which would make it look like this
X-7y=10
-2 (x-7y=10)
Let me know if I have answered your question
Answer:
No but an easy way is to just make up random email names and passwords and on each acc u get 5 free questions,
Step-by-step explanation:
Can u pls mark me brainliest
Solve the equation using substitution?
Answer:
y=35
Step-by-step explanation:
y in (-oo:+oo)
14 = (2*y)/5 // - (2*y)/5
14-((2*y)/5) = 0
(-2/5)*y+14 = 0
14-2/5*y = 0 // - 14
-2/5*y = -14 // : -2/5
y = -14/(-2/5)
y = 35
y = 35