Answer:
My answer to the question is 34.0
Here is the complete question
A nominal interest rate of 5%
A real interest rate of 5%
A real interest rate of 3%
A nominal interest rate of 3%
Answer:
A real interest rate of 5%
Step-by-step explanation:
A real interest rate of 5% is the best option for oscar. The nominal rate of interest is a type of interest rate that shows the increase in in percentage of money without the depreciation discount that is usually caused by inflation or the payment of tax.
The real rate of interest shows the real increase in the money that has been paid for an investment. This is after inflation has been discounted and all forms of taxes have been paid.
So oscar should invest his $4000 on a savings account whose real interest rate is 5% per year
Answer:
$621.08
Step-by-step explanation:
The formula for the amount (A) resulting from principal P being invested at rate r continuously compounded for period t is ...
A = Pe^(rt)
Filling in the given numbers and doing the arithmetic, we get ...
A = $400e^(0.055·8) ≈ $621.08
Answer: the box contained 9 square chocolates and 15 round chocolates.
Step-by-step explanation:
Let x represent the number of square chocolates contained in the box.
Let y represent the number of round chocolates contained in the box.
The box of chocolates contains square chocolates, which weigh 10g each and round chocolates which weigh 8g each. The combined weight of all the chocolates is 210g. It means that
10x + 8y = 210- - - - - - - - - - -1
The number of round chocolates is 3 less than twice the number of square chocolates. It means that
y = 2x - 3
Substituting y = 2x - 3 into equation 1, it becomes
10x + 8(2x - 3) = 210
10x + 16x - 24 = 210
26x = 210 + 24
26x = 234
x = 234/26
x = 9
y = 2x - 3 = 2 × 9 - 3
y = 18 - 3
y = 15
