Answer:
The correct answer is 3/28
Step-by-step explanation:
Answer:
30 Hours
Step-by-step explanation:
8h=240
240÷8=30
Answer:
28.50+x or 28.50x
Step-by-step explanation:
6*4.75=28.50
6*x=6x or x
CD = certificate of deposit (an investment)
Interest rate, i = 10% per annum (simple interest)
Principal, P = $2000 (present value)
Period, T = 3 months = 0.25 year
Simple interest formula
Interest earned = Pit
=2000*0.10*0.25
=$50
Balance at maturity (amount that investor gets after three months)
=$2000+$50
=$2050