Answer:
16% multiplied by 5 yrs is = 80%
80% of $25000 is 20000
$25000 - $20000 = 5000
the car will be worth $5000 in the yr 2022.
Step-by-step explanation:
There are different formulas for calculating the two types of compound events: Say A and B are two events, then for mutually exclusive events: P(A or B) = P (A) + P(B). For mutually inclusive events, P (A or B) = P(A) + P(B) - P(A and B).
Answer:
Wednesday night game
Step-by-step explanation:
-9 is less than -3
Answer:
This is simple linear regression analysis. We can determine the line of best fit using technology
Step-by-step explanation:
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
