Answer:
Here's a picture with the work done.
Step-by-step explanation:
Answer:
a. Simple interest = $174
b. Compund interest = $1187.1
Step-by-step explanation:
Given the following data;
Principal, P = $1000
Interest, R = 2.9%
Time, T = 6 months
a. To find the simple interest;
S.I = (PRT)/100
S.I = (1000*2.9*6)/100
S.I = 17400/100
S.I = $174
b. To find the compound interest;
Substituting into the formula, we have;




A = $1187.1
Answer:
19.65 left
Step-by-step explanation:
The total amount that he has is 3 * 12 = 36 dollars.
From this he buys a CD for 15.00
There is a 9% tax on 15 dollars 15*9/100 = <u> 1.35</u>
Amount spent = <u> 16.35</u>
Amount left 19.65