Acertificate of deposit often charges a penalty for withdrawing funds before the maturity date. if the penalty involves two months of interest, what would be the amount for early withdrawal on a cd paying 5 percent and valued at $24,000? (do not round intermediate calculations. round your answer to 2 decimal places.)

The amount for early withdrawal is $204

Step-by-step explanation:

Annual interest rate = 5% = 0.05

Investment = $24,000

Annual interest rate * Investment = Annual interest

0.05 * $24,000 = $1,200

Penalty = Two months of interest

(months/months in a year)  * Annual interest

(2/12) * $1,200 = 0,17

0,17 * $1,200 =  $204,00  

d

step-by-step explanation:

hello and welcome!

so, when we see the words "proportional" along with a table, we need to know that we're looking numbers that divide by the same thing.

looking at this table, we simply have to do a trial and error, and divide to see which numbers have the same quotient. if you look at choice a & c, they both have equal quotients for three of the numbers, with one exception, so those can't be the answer. looking at b, there is no similarity, so that can't be it. then, we see d; if you divide all the numbers in the table, you'll see that they all divide by two, which is a proportional relationship, and our answer!

also, always remember that the x will always be the number that goes into y, and somewhere behind this table, is a formula. for this specific table, the formula would be:

since our x-value is being divided by two to get the y-value. and if they were to ask for more numbers in the series, this is the formula you would use to find them.

0,0

step-by-step explanation: