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
Setting up the ratio, you get 3/18=x/54. Solve the proportion, you get that Riverside and Smithville are 9 cm apart on the map.
Answer:
31
Step-by-step explanation:
