Assume that a 30-month CD purchased for $2500pays simple interest at an annual rate of 5.5%. How much total interest does it earn? $

What is the balance at maturity?

Interest earned: 343.75

Balance at maturity: 2843.75

Step-by-step explanation:

simple interest formula

P(1+it)

interest earned:

(interest earned is the ending balance minus the beginning balance)

2500(1+.055*(30/12))-2500= 343.75

Balance at maturity

2500(1+.055*(30/12))= 2843.75

(another way to solve this part is to just add 343.75 (the interest earned) to the beginning balance)

you are saying it as if a fact, not a question, but yes, you would be correct? ; )

step-by-step explanation:

e) none of the above because the measure of angle cba is 101°