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:
5/12
Step-by-step explanation:
1/4 + 1/6 = (6+4)/24 = 10/24 = 5/12
why +1/6?
because: - (-) = +
Answer:
4/52 or 1/13
Step-by-step explanation:
there are only 4 kings; diamond, Heart, Spades and Clubs.
Answer:
YES!
Step-by-step explanation:
564,938 -> 565,000
BRAINLIEST?
