Abank offers a four year cd with an interest rate of 2.75%. the penalty for early withdrawal from the cd is nine months of simple interest, calculated on the amount withdrawn. rachel invests $6,200. if she withdraws $2250 after one year, how much will the penalty be? round answer to the nearest dollar.

The penalty will be $46

Step-by-step explanation:

we know that

The simple interest formula is equal to

where

I is the Final Interest Value

P is the amount withdrawn

r is the rate of interest  

t is Number of Time Periods

in this problem we have

substitute in the formula above

$8

step-by-step explanation:

it is pretty much backwards.

you take the 4x2 multiply that, and that is = $8

y=-2.5x+12.5

step-by-step explanation:

5y=2x+10

y=0.4x+2

slope=-2.5

5=-2.5*3+b

b=12.5