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
Answer:
y = 11
Step-by-step explanation:
Plug 4 in for x.
3 + 2(4) = y
Multiply.
3 + 8 = y
Simplify.
11 = y
Step-by-step explanation:
common factor 8 and 18 is 2.
The correct answer is 37.5.
Answer:
no unless the variables are known
Step-by-step explanation:
