Tavius would earn his best value if he invests in a three-year certificate of deposit with a nominal interest rate of 4 percent.
Tavius would invest in the option that yields the highest interest. This is the best value. In order to determine which option is the best, the interest rate of each option has to be determined.
<em><u>Interest rate of the first option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 2 = $150
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<em><u>Interest rate of the second option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 1 = $75
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<em><u>Interest rate of the third option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.04 x 3 = $300
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<em><u>Interest rate of the fourth option</u></em>
FV = P x (1 + r) n
$2500 x (1.03) = $75
A similar question was answered here: brainly.com/question/24748787?referrer=searchResults
Answer:
x= - 1
y= 1
Step-by-step explanation:
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Answer:
A)$ 45
B) $105
Step-by-step explanation:
Bag and a belt cost $255
Let bag = x
Let belt = y
X+y= 255 equation 1
Let total money be z first
Remaining money= z-255
X-30 = z-255
Y +15 = z-255
Equating the left side of the equation
X+30 = y+15
X-y= 45 equation 2
Solving simultaneously
X+y= 255
X-y= 45
2x = 300
X= 150
If x= 150
150-y= 45
150-45= y
105=y
Bag = $150
Belt = $105
Bag Is 150-105 more than the belt
150-105= $45
Answer:
3.2
Step-by-step explanation:
If there are 2 secont lines intersecting inside a circle like the picture shown, then the theorem tells us that <em>"the product of 2 segments of one secant line is equal to the product of 2 segments of other secant line"</em>
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Thus, we can say that:
x * 10 = 8 * 4
10x = 32
x = 32/10
x = 3.2
