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.
Answer:
x=20; vertical angles theorem
Step-by-step explanation:
hi! we can use the vertical angles theorem for this. vertical angles are congruent to each other, meaning they are the same amount of degrees. so, we can set 2x+10 and 50 equal to each other.
2x+10=50
2x=40
x=20
x=20 because of the vertical angles theorem.
Answer:
try google algebra calculator
Step-by-step explanation:
The answer to this question will be C
Answer:
y= 2/3x - 3
Step-by-step explanation:
