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:
A. divide only on the right side of the equation by 2.
Step-by-step explanation:
I took the test yesterday and I got it hope this helps.
Answer:
5√3
Step-by-step explanation:
tan30= 5/z
1/√3= 5/z
z= 5√3
Answer:
$77.44
Step-by-step explanation:
If the shoes cost $88 but you get a 20% discount, subtract 20% from 88: -->
$88-20% = $70.4
Then add 8% of 88 to 70.4 -->
8% of $88 = $7.04.
$70.4 + $7.04 = $77.44
Therefore the final price of the shoes are $77.44
Hope this helps!!!~~ <3
