Answer:
$56.875
Step-by-step explanation:
Given that :
Amount invested = principal, p = 3500
Interest rate, r = 6.5% = 0.065
Penalty on withdrawal = 3 month simple interest
Simple interest = principal * rate * time
Time = 3 months = 3/12 = 0.25 years
Hence,
Simple interest = 3500 * 0.065 * 0.25
Simple interest = $56.875
Hence, penalty paid = $56.875
follow the Pemdas order of operations
add and subtract (left to right)
apply the rule +(-a)=-a
+(-78)=-78
=54-78-(-39)
54-78=-24
=-24-(-39)
apply the rule -(-a)=+a
-(-39) =+39
=-24 +39
-24+39=15
=15