Rich deposited $293 for 2 years at 2.5% simple interest rate
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:
Step-by-step explanation:
We are given the following in the question:
Population mean, μ = 108
Sample mean, 
= 107
Sample size, n = 110
Alpha, α = 0.02
Population standard deviation, σ = 7
Formula:
Putting all the values, we have
The test statistic is -1.50
Answer:
1).B
2).A
3).D
4).B
5).C
6).D
7).D
8).B
9).C
10). I believe it is A
Step-by-step explanation:
I'm sorry, i do not know how to explain this, I hope I helped you in some way and I hope these answers work for you :)
Answer:
6.7ft
Step-by-step explanation:
190÷28=6.7 is correct
