Adam invested $12,000 in a six-year cd that paid 7.1% interest, but later needed to withdraw $2,500 early. if the cd's penalty for early withdrawal was eighteen months' worth of interest on the amount withdrawn, how much of a penalty did adam pay? a. $138.89b. $177.50c. $266.25d. $319.50

C

Step-by-step explanation:

The amount Adam invested in a six years CD was $12,000 was 7.1%

Adam made a withdrawal of $2500 early. The early withdrawal was worth eighteen months of interest on the amount withdrawn.

Monthly interest = 7.1% / 12

= 0.59%

The interest for 18 months will be

(7.1% /12)18

= 10.65%

The penalty for withdrawing early was 18 months worth the interest on the amount withdrawn

= 2500 * 10.65%

= 266.25

This means Adam needs to pay a penalty of $266.25 for withdrawing early

the slope of the line is 60

one point on the line is (40,10)

step-by-step explanation:

in the equation outside the parenthesis the equation always tells you the slope. in this case it is 60.

in the parenthesis is also says 40 which is x because it is near the x and 10 is y because it is near y.

the largest number of the four options is 1.8 x 10-2

you have it in scientific notation.

1.80 x 10-6   = 0.00000180

1.80 x 10-4   = 0.000180 (bigger, or "less small", than the former one)

so

1.8 x 10-2       = 0.0180. as you see. the "less small", or the biggest one of them all.

as you have negative exponent, it means you are dividing 1.8 by 100 (i.e. moving the dot towards left, two times).

if you had positive exponent for the scientific notation, power of tenths, you would be multiplying times 100 (moving the dot towards right) as below:

1.8 x (10)2 = 180

so. if you have negative exponent in scientific notation, move the dot toward left. if it is positive, toward right as many times the exponent tells you.