Answer:
C
Step-by-step explanation:
The amount Adam invested in a six years CD was $12,000 was 7.1%
Adam made a withdrawal of $2500 early. The early withdrawal was worth eighteen months of interest on the amount withdrawn.
Monthly interest = 7.1% / 12
= 0.59%
The interest for 18 months will be
(7.1% /12)18
= 10.65%
The penalty for withdrawing early was 18 months worth the interest on the amount withdrawn
= 2500 * 10.65%
= 266.25
This means Adam needs to pay a penalty of $266.25 for withdrawing early
You cannot tell which number is greater just by the leftmost digits. This is because you do not know how many digits each number has. Ex: 80 and 3,000
Answer:
what do you need solved
Step-by-step explanation:
Sorry, I think you forgot the photo of the problem
