2 2/3 = [(2*3)+2]/3 =8/3
(8/3)/5=8/(3*5)=8/15
Answer: 3.97000947 × 10^4
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?
What do you need help with? :)
<span>
<span>We can
use the Pythagorean Theorem (A² + B² = C²) to solve for the lengths of the
sides. We know that the diagonal, C, is 30 meters long, so C² = 900 meters.
We know that since the park is square, A² + B² = 2A² = 2B²
900 = 2A²
A^2 = 450
Taking the square root of 450, we find that the lengths of A and B are
roughly 21.2 meters.</span>
</span>
