1. A CD is a savings vehicle called a "Certificate of Deposit." It generally specifies a certain rate of interest for a given period of time. It usually carries an interest penalty for early withdrawal.

2. The interest on a CD is calculated the way it is calculated for any other investment. The amount of interest in a given time is the product of the principal, the interest rate, and the time period. Interest on a CD with a period of more than 1 year is generally compounded. (The compounding interval will be part of the terms of the CD agreement.)

7 0

3 years ago

The difference of six times a number and seven results in 35.

olchik [2.2K]

6x - 7 = 35
6x = 35 + 7 <em> (add 7 and then divide by 6)</em>
6x = 42
x = 42/6
x = 7

7 0

4 years ago

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