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:
It repeats over and over..
Step-by-step explanation:
<h3>
Answer: B. Graph is nearly symmetrical</h3>
Explanation:
Given information:
- A number line going from 2 to 11.
- 0 dots are above 2.
- 0 dots are above 3.
- 1 dot is above 4.
- 2 dots are above 5.
- 4 dots are above 6.
- 4 dots are above 7.
- 3 dots are above 8.
- 2 dots are above 9.
- 2 dots are above 10.
- 0 dots are above 11.
From that we can see the data set is {4,5,5,6,6,6,6,7,7,7,7,8,8,8,9,9,10,10} which produces the dot plot you see in the image attachment below.
It's a bit tricky to see, but the graph is nearly symmetrical. If we were to remove the blue points in the dot plot I provided, then we'll get a perfectly symmetrical distribution. Symmetrical means one half is a mirror copy of the the other half. The center line of a symmetrical distribution is both the mean and median.