Certificate of Deposit

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Question: three algebra questions…?

1. Suppose you paid $24 for a pair of shoes that had been discounted 20%. What was the original price of the shoes? Show or Explain all of your work.

2. Write 0.0000576 in scientific notation.

3. Simple Interest formula: I = Prt.
Maria deposits $11,500 in a six-month savings certificate at County Bank. She can make no additional deposits to the certificate during the six months that it is invested. At the end of six months, Maria will receive $603.75 in interest on her original deposit. What is the annual interest rate?

Show or Explain all of your work.

Answer: 1. 4/5 = $24 then 1/4 = 6 then $24 + $6 = 30
$30 x 0.8 = $24.

2. 5.76 10 to the neg 5th power.

3. Because it is a 6 month certificate, and the annual rate is asked, double the interest earned
$603.75 x 2 is $1207.5
$1207.5 / $11,500 is 10.5 percent interest (0.105)
or 5.25% biannual (11,500 x 0.0525 = 603.75)

Question: Is this a yahoo lottery?

Yahoo Lottery
Incoperation
Baley House, Har Road
Sutton, SM1 4te.
Montreal Canada.

LOTTERY RESULTS 2009
Yahoo Mail announces you as one of the 15 lucky winners in the ongoing
12 Years Yahoo! lottery Award of the Year Held today 16th of September
2009. You have therefore been approved for a lump sum pay of
US$1.000.000.00(One-Million United States Dollars).

To begin your lottery claims, Please contact our Yahoo! Lottery
Co-ordinator with your Full Names, Occupation, Telephone / Fax Number with
the information below:

Name: Karl Schmidt
Email:[email protected]
Tel: +1-905-781-9665

Remember, all prize money must be claimed not later than 30th of September, 2009. An original copy of your lucky winning ticket and your deposit certificate will be sent to you by Administrative Remittance Operation Manager of (BOM

Answer: It is spam and a scam.Yahoo is not a lottery company.

RealCD Video

Question: To invest $5000 in a savings with a interest rate of 3.25% compounded daily. The rate is variable could increi

could increase or decrease over the 5 yr period of time. Compare a 5 yr Certificate Of Deposit which offers a interest rate of 4.75% compound quarterly or compare Index Mutual Fund which is not FDIC insured. This investment is in the stock market, so there is risk involved. Which of the three would be better to invest in.

Answer: You could invest $5,000 in small business and earn 24% per year ($1,200/year).
Go to http://get24percent.blogspot.com/

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