Answer:
To obtain $ 100 in simple interest with a rate of 1.5%, Katie must deposit $ 6,666.66.
Step-by-step explanation:
Given that Katie wants to know how much she needs to deposit into a two year CD account in order to earn $ 100 in simple interest, knowing that the account currently has a 1.5% interest rate, the following calculation must be performed:
X x 0.015 = 100
X = 100 / 0.015
X = 6,666.66
6,666.66 x 1.015 = 6,766.66
Thus, to obtain $ 100 in simple interest with a rate of 1.5%, Katie must deposit $ 6,666.66.
Answer:
Lines a and c have the same slope, so they are parallel. Write an equation of the line that passes through (5, −4) and is parallel to the line y = 2x + 3. Step 1 Find the slope of the parallel line. The graph of the given equation has a slope of 2.
Answer:
8.43
Step-by-step explanation:
