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:
m=20
Step-by-step explanation:
Solve the equation:
7m - 8 = 3 ( 2 m + 4)
Multiply 3 and (2m+4)
7m - 8 = 6m + 12
Add 8 to each side
7m = 6m + 20
Subtract 6m from both sides
m = 20
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Answer:
52
Step-by-step explanation:
ITS 52
Answer:
5
6
Step-by-step explanation:
To solve, collect like terms
x ≥ 2 + 21/2
x ≥ 4 1/2
the whole number that would be greater than 41/2 would be 5
2. 2.7 + 3.3 > x
6 > x
