The money in dollars that must be put in this cd in order to have $5,000 in 3 years is $4,081.63
The formula for simple interest and procedure we will use to solve this exercise is:
A = P {1 + [(R/100) * T]}
Where:
- P = principal
- R = rate of interest in % per annum
- T = time
- A = amount
Information about the problem:
- P = ?
- R = 7.5%
- T = 3 years
- A = $5,000
Applying the simple interest formula and isolating the principal (P), we get:
A = P {1 + [(R/100) * T]}
$5,000 = P {1+[(7.5/100) * 3]}
$5,000 = P [1+(0.075*3)]
$5,000 = P (1+0.225)
$5,000 = P (1.225)
P = $5,000/ 1.225
P = $4,081.63
<h3>What is simple interest?</h3>
It is the operation in which we calculate the profit produced by a capital loaned at a given percentage.
Learn more about simple interest at: brainly.com/question/20690803
#SPJ4
Answer:
sorry I don't have the answer right now but ill let you know
Answer:
Both lines are not parallel
Step-by-step explanation:
Given as :
Two lines equation are as :
3y - 5x = 9 And y = - x - 12
First line is now written in eq y = mx + c
Or, 3y = 5x + 9
Or, y = x +
So, Slop of this line ( m 1 ) =
slop of second line ( m 2) is
∵ The slop of both lines are not equal , so the line are not parallel to each other .
Hence Both lines are not parallel Answer
Answer:
-16755
Step-by-step explanation:
3(15 - 5600)
multiply 15 and 5600 by 3
45 - 16800
subtract 45 by 16800
-16755
PLEASE MARK ME BRAINLIEST
Answer:
-19, -21, -24, -27, -30
Step-by-step explanation: