1 answer:
Answers:
- interest = $75
- balance at maturity = $3075
=============================================================
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
---------------
In short, you deposit $3000 into the CD and have to wait 3 months for the amount to update to $3075.
You might be interested in
Answer:
312 copies
Step-by-step explanation:
100 + 100 = 200
40 + 60 = 100
8 + 4 = 12
200 + 100 + 12 = 312 copies
(8, 40, 32) is the answer
C. because 2m is twice maya’s age and the +4 is the four years older than twice, making it 2m+4
Let's just change your problem to 147 of 30%
"Of" is always equaling to multiplication (×)
Now, it would be easier to simplify
30% (147)
30% ÷ 100 = 0.3
0.3(147)
Now, we get to your answer which might be 44.1
Look at the picture.
Domain: -4 ≤ x ≤ 4
Range: -1 ≤ y ≤ 1
<h3>Answer: {x | -4 ≤ x ≤ 4}</h3>
