Answer:
In the first account was invested
at 3%
In the second account was invested
at 5%
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
First account
substitute in the formula above
Second account
substitute in the formula above
Remember that
The interest is equal to
so
Adds the interest of both accounts
therefore
In the first account was invested
at 3%
In the second account was invested
at 5%
<u>The three important tools of Federal Reserve's monetary policies are as follows:</u>
- open market operations
- the discount rate
- reserve requirements.
<u>Step-by-step explanation:</u>
The monetary policies of the United States's central bank, Federal Reserve are the acts of the entity to influence money and raise the country's economy. These policies also helps in looking over the aspects of how the money and credits draw affects on credit rates and the overall performance of the U.S. Economy.
The three prime tools of the Federal reserve's monetary policies are the Open Market Operations, Discount Rates and the Reserve Requirements.
<u>Open Market operations</u>
This involves in purchase and selling process of government securities. The primary dealer with which the Reserve deals compete on the basis of prices and thus the dealer gets decided with whom the reserve deal for the day.
<u>Discount Rates</u>
This is the discount rate charged to depository institutions for short term loans by the Federal Reserve.
<u>Reserve Requirements</u>
This is the money or deposit amount the Reserve Bank must sustain in its vault or depository.
Answer:
7/8
Step-by-step explanation:
1. Make 1 9/8 into an improper fraction
1 = 8/8
8/8 + 9/8 = 17/8
2. Subtract
17/8 - 11/8 = 7/8
Base B (aka p) is equivalent to 18
p=18