R = T - RQ
Answer:
Step-by-step explanation:
Answer:
Did not change.
Step-by-step explanation:
This is because the average is based off the total sum of all the constituents. Thus adding 10 and subtracting 10 doesn't change anything.
B. –0.22
C. 0.38
D. 0.9
Answer:
A.
Step-by-step explanation:
$550
b.
$1,080
c.
$17,310
d.
$18,411
Answer:
Total Amount ≈ $18,411.59
D.
Step-by-step explanation:
In order to determine the total amount that Ashley will possess when both investments reach maturity, one may utilize the formula for simple interest:
Simple Interest (I) = P * r * t
Where:
I = Interest earned
P = Principal amount (initial investment)
r = Annual interest rate (expressed as a decimal)
t = Time (in years)
The interest for each investment may be calculated as follows:
For the one-month money market account:
P1 = $9,720
r1 = 3.16% or 0.0316 (as a decimal)
t1 = 1/12 year (one month is 1/12 of a year)
I1 = 9,720 * 0.0316 * (1/12) = $25.63 (rounded to the nearest cent)
For the two-year CD:
P2 = $8,140
r2 = 3.23% or 0.0323 (as a decimal)
t2 = 2 years
I2 = 8,140 * 0.0323 * 2 = $524.96
The total amount that Ashley will possess when both investments reach maturity may now be calculated as follows:
Total Amount = P1 + I1 + P2 + I2
Total Amount = $9,720 + $25.63 + $8,140 + $524.96
Total Amount ≈ $18,411.59
Rounded to the nearest dollar, Ashley will possess approximately $18,412 when both investments reach maturity.