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.
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The attached diagram represents the Venn diagram of the sets
<h3>How to draw the Venn diagram?</h3>
The sets are given as:
- The universal set, U = The set of integers.
- A = The set of even integers.
- B = The set of odd integers.
- C = The set of multiples of 3.
- D= The set of prime numbers
From the above representation, we have the following highlights:
- Set A and set B will not intersect, because no number can be even and odd
- Set C and set D will intersect set A because they have common elements 6 and 2, respectively
- Set C and set D will intersect set B because they have common elements 3 and 3, respectively
Using the above highlights, we can now draw the Venn diagram
See attachment for the Venn diagram
Read more about Venn diagram at:
brainly.com/question/4910584
#SPJ1
Yes u can. It is very easy
Answer:
x=60
Step-by-step explanation: