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:
the answer is B James can eliminate $25 from Food/Clothes and $27 from Entertainment.
hope it helps!
Answer:
$30341.88
Step-by-step explanation:
Because it says simple interest, use the formula I = Prt.
(I is interest, r is the % rate as a decimal, t is the time)
So, you have to solve the equation,
1755 = P (0.065)(9)
Since 0.065 x 9 = 0.585, the equation can be simplified to
1755 = 0.585P
Then, to get P, you divide both sides by 0.585
P = 1755/0.585 = $30341.88
Answer:
f(3) = 63
Step-by-step explanation:
f(x) = 4^x-1;
Let x =3
f(3) = 4^3 -1
= 64-1
=63
FALSE! Any 3 angles of any triangle add up to 180 degrees. An equilateral triangle's angles should each be 60 degrees.
