Answer: it would be worth $11925 when it matures after 7 years.
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount invested in the CD.
R represents interest rate on the amount invested in the CD.
T represents the duration of the investment in years.
From the information given,
P = $10,000
R = 2.75%
T = 7 years
I = (10000 × 2.75 × 7)/100
I = $1925
Therefore, the worth of the CD in total at the end of 7 years when the CD matures is
10000 + 1925 = $11925
Answer:
i would say c.
hope this helps:)sorry if it doesnt
plz make brainliest
The formula is
I=prt
I interest earned 200
P principle 2500
R interest rate 0.04
T time ?
We need to solve for t
T=I÷pr
T=200÷(2,500×0.04)
T=2years
Hope it helps
Answer:
Graph
Step-by-step explanation:
