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UkoKoshka [18]
3 years ago
11

Jim invested $750 in a 3-year CD that earns 4.2% annual interest that is compounded monthly. How much will the CD be

Mathematics
1 answer:
pentagon [3]3 years ago
3 0

Answer:

4.2% of 750 = 31.5

31.5 * 3 = 94.5

~Hope this helps~

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\bf \begin{array}{lcccl} &\stackrel{solution}{gallons}&\stackrel{\textit{\% of }}{antifreeze}&\stackrel{\textit{gallons of }}{antifreeze}\\ \cline{2-4}&\\ \textit{1st brand}&x&0.65&0.65x\\ \textit{2nd brand}&y&0.90&0.9y\\ \cline{2-4}&\\ mixture&40&0.8&32 \end{array}~\hfill \to \begin{cases} x+y&=40\\ \boxed{x}=40-y\\ \cline{1-2} 0.65x+0.9y&=32 \end{cases} \\\\[-0.35em] ~\dotfill

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