Answers:
- interest = $75
- balance at maturity = $3075
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Explanation:
The simple interest formula is
i = p*r*t
where in this case,
- p = 3000 = principal (amount deposited)
- r = 0.10 = annual interest rate in decimal form
- t = 3/12 = 0.25 = number of years
So,
i = p*r*t
i = 3000*0.10*0.25
i = 75 is the amount of interest earned
This adds onto the initial deposit to get the final balance when the CD matures (ie when you're able to withdraw the money without penalties)
The balance at maturity is p+i = 3000+75 = 3075 dollars
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In short, you deposit $3000 into the CD and have to wait 3 months for the amount to update to $3075.
Answer:
True
Step-by-step explanation:
Answer:
The first one is c the second is b
1. None of the answer choices are correct, because the length that were to go with those numbers don't fit. The answer is D.
2. One coffee cost $4 and a latte would cost $2.50, because the other prices for a cup of coffee would exceed the price of the total of two coffees plus one latte and three coffees plus two lattes. The answer is A: $4.00.
3. This one has to be A, because you're finding how many nickels and dimes there are together if there are 24 coins. A nickel is 5 cents each and a dime is 10 cents each. The total of them combined is $1.85. The answer is A.
Answer:
2.0
Step-by-step explanation:
Area of Shaded Region = Area of square – Area of circle
Area of square = 3×3 = 9
Area of circle = π×r² = π×1.5² ≈ 7.068
(radius of circle is half of the side length)
9–7.068≈2.0
