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:
B. H1= b1=0
Step-by-step explanation:
the alternative hypothesis is correct
Answer:
Step-by-step explanation:
So we can just set up a proportion
14.5/2=x/3
we can cross multiply
so that means
2x=43.5
x=21.75
Answer:
5 x 6 = 30 - 4 = 26
so the answer is 6
Step-by-step explanation:
