The early withdrawal fee on this account is $6.25
Step-by-step explanation:
Suppose you buy a CD for $1000
- It earns 2.5% APR and is compounded quarterly
- The CD matures in 5 years
- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest
We need to find the early withdrawal fee on this account
∵ The annual interest is 2.5%
- Change it to decimal
∵ 2.5% = 2.5 ÷ 100 = 0.025
∴ The annual interest rate is 0.025
∵ The interest is compounded quarterly
∴ The interest rate per quarter = 0.025 ÷ 4 = 0.00625
∵ The early withdrawal fee is 3 months' interest
∵ You buy the CD for $1000
∵ A quarter year = 3 months
∴ The early withdrawal fee = 1000 × 0.00625 = $6.25
The early withdrawal fee on this account is $6.25
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Answer:
Subtraction property of equality
Step-by-step explanation:
The subtraction property of equality refers to balancing an equation by using the same mathematical operation on both sides.
The first 3 rows are proportional
because when you divide the earning by car washed they all have the same unit rate of 9.5/ to answer the second part you multiply 9.5 by 88. you'll get $836
The triangle shown is a right triangle shown by the little square inside of it.
Area of a triangle is 1/2 x height x base
Rotating the shown triangle so the square is at a bottom corner the height is 6 and the base is 6
Area = 1/2 x 6 x 6 = 18 square cm
Answer:
Step-by-step explanation:
