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:
x < 2
Step-by-step explanation:
5(2x + 8) < 60 ( divide both sides by 5 )
2x + 8 < 12 ( subtract 8 from both sides )
2x < 4 ( divide both sides by 2 )
x < 2
Answer:
$24
Step-by-step explanation:
Since you know 5 tickets equal to $60, and you want to find the cost of one ticket, you would divide 60 by 5. 60/5=12. So each ticket costs 12 dollars. But you want to find the cost of two. So multiply $12 by two to get $24 dollars per two tickets.
