Yes that is correctttttttttttttttt
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:
1st step
Step-by-step explanation:
7/10 is greater than 1/2
Answer:
Step-by-step explanation:
there are infinite numbers between 2 and 3 having average=2.5
2.49,2.51
2.48,2.52
2.47,2.53
2.46,2.54
.................
2.491,2.509
2.492,2.508
2.493,2.507
......................
To answer this first we set up a proportion and then solve. Lets do it:-
Cross Multiply:-
80 · 4 = 320
Divide:-
420 ÷ 12 = 60
So, 180 ears of corn are for
$60.Hope I helped ya!!
