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:
Step-by-step explanation:
To graph an equation using the slope and y-intercept, 1) Write the equation in the form y = mx + b to find the slope m and the y-intercept (0, b). 2) Next, plot the y-intercept. 3) From the y-intercept, move up or down and left or right, depending on whether the slope is positive or negative.
Answer:
5. DE
6. 6cm
7.20 in
8. DCF
Step-by-step explanation:
Answer:
the answer is 546 hope this helps :)
Step-by-step explanation:
