CD = certificate of deposit (an investment)
Interest rate, i = 10% per annum (simple interest)
Principal, P = $2000 (present value)
Period, T = 3 months = 0.25 year
Simple interest formula
Interest earned = Pit
=2000*0.10*0.25
=$50
Balance at maturity (amount that investor gets after three months)
=$2000+$50
=$2050
You have to do rearranging formulae to find that out so basically solve for x
h = 2t - d
multiply both sides by 2 to eliminate the fraction
2t = d + h
subtract d from both sides
2t - d = h ⇒ h = 2t - d
Answer:
Step-by-step explanation:
1. none
because of 12 is not divisible by five
