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:
the third one
Step-by-step explanation:
im right
Can you show a better picture?
Answer:
6 adults
Step-by-step explanation:
Let
x -----> the number of children
y ----> the number of adults
we know that
The ratio
so
using proportion
Find the value of y for x=(20-12)=8
therefore
6 adults
Answer:
g = (x - 6) / 5
Step-by-step explanation:
Given:
Let :
Alison's dog = x
Gale's dog = g
x is 6 pounds more than 5 times g
Mathematically,
x = 5g + 6
We can solve for g ;
x - 6 = 5g
Divide both sides by 5
(x - 6) / 5 = g
