That's D. n² ÷ 5 because it says the division of n squared and 5.
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 $3075.
Answer:
After 9 years the account will be worth 13709.60$
Step-by-step explanation:
We are given the following in the question:
We are given the following in the question:
P = $8000
r = 6% = 0.046
n = 12
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years.
Putting the values, we get,

Thus, after 9 years the account will be worth 13709.60$
Answer: I believe it’s 1,-1. not 100% but pretty positive it is! hope this helps!
With the information given, we can set up the following system of equations:


x represents how many songs Jennie has, and y represents how many songs Diamond has.