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 = $11925
Step-by-step explanation:
Use exponent property of logs.
logb(x²) = 2 logb(x) = 2(0.49) = 0.98
Answer:
-4
Step-by-step explanation:
Answer:
6.42$
Step-by-step explanation:
6.00 divided by 100 equals 0.6 multiplied by 7 equals 0.42 so the sales tax is 0.42 cents and the total is 6.42$
Answer:
Answer:(0,3)Step-by-step explanation:The solution in a set of graphs is where they intersect. In this graph, they intersect at (0,3)
