Answer:
Bank One is offering a simple interest rate of 6.25% per annum.
Step-by-step explanation:
Given that Bank One offers a certificate of deposit that pays $ 5,000 in four years for exchange for $ 4,000 today, to determine what interest rate is Bank One offering the following calculation must be performed:
(5000 - 4000) / 4 = X
1000/4 = X
250 = X
4000 = 100
250 = X
250 x 100/4000 = X
25000/4000 = X
6.25 = X
Therefore, Bank One is offering a simple interest rate of 6.25% per annum.
Y = mx + c therefore
m = 1
c = -2
Answer: p(-4= -255
Step-by-step explanation:
p(x)=3x3-2x2+6x-4 The remainder theorem states that when we divide a polynoical hope this helps
Answer:
7 6/7
Step-by-step explanation:
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=
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