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:
what are the other drop down menus
Step-by-step explanation:
The answer is 2 hopefully I answered your question in time
A2 +b2= c2.
12.5 (2) +30 (2) = 32.5 (2)
156.25+900=1056.25
1056.25=1056.25
hope this helped
