Answer is b for this question
Answer:
$56.875
Step-by-step explanation:
Given that :
Amount invested = principal, p = 3500
Interest rate, r = 6.5% = 0.065
Penalty on withdrawal = 3 month simple interest
Simple interest = principal * rate * time
Time = 3 months = 3/12 = 0.25 years
Hence,
Simple interest = 3500 * 0.065 * 0.25
Simple interest = $56.875
Hence, penalty paid = $56.875
Answer:
7
Step-by-step explanation:
2^3 • 2^7 = 2^10
When multiplying exponents, the exponents add up together. In other words, just subtract 10-3 = 7 that would be your missing exponent!
Hope this helps, good luck!
The simple interest rate equation is I = Prt
I = interest
P = principle ($54,000)
r = rate (3.875%)
t = time (3 months, so .25 years)
I = Prt
I = (54,000)*(.03875)*(.25)
I = $523.125
I think it’s W=16
Hope it helps
