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:
Option D.
Step-by-step explanation:
==>27
r = 3
9r
which means 9x3 = 27.
Answer:
2112
Step-by-step explanation:
4752÷36= 132
132×16=2112
Answer:
The remnant of an estate that the grantor holds after he's granted a life estate to another person if the estate will return to the grantor, is called D) Reversion
Step-by-step explanation:
The correct answer is D) Reversion because, according to the Real Estate definitions, reversionary interest refers to future interest that reverts to a grantor, reversionary right refers to the return of the rights of the possession and quiet enjoyment to the lessor at the expiration of a lease and remainder estate refers to the remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate.
Answer:
4x+5
Step-by-step explanation:
