HELP ME PLEASE Assume that a 30-month CD purchased for $250 pays simple interest at an annual rate of 5.5%. How much total interest does it earn?
$

What is the balance at maturity?

Work Shown:

i = P*r*t

i = 250*0.055*(30/12)

i = 34.375

i = 34.38 is the interest earned

p+i = 250+34.38

p+i = 284.38 is the final balance

34.38

284.38

Step-by-step explanation:

I=Prt

I= 250*0.055*2.5

I=34.375

maturity is I+p

250+34.38

no, because the sides are not congruent

step-by-step explanation:

i found the koficent of the linear function and i foun c acordind to the strict formula y=kx+c and then i took 2 as an x and replacet it on the formula i found and then foun the y