You have $6,500 to deposit. If you deposit the money in a savings account at your local bank, you will earn 1.45% annual interes
t and will be able to make ATM withdrawals at your bank's ATMs. If you deposit the money in an online savings account, you will earn 2.25% interest, but you will be charged $4 every time you make an ATM withdrawal. Assuming that your ATM withdrawals do not reduce the amount of interest you earn, how many ATM withdrawals must you make in a year for the local savings account to be a better deal than the online savings account?
a.
5
b.
12
c.
14
d.
10
a.
5
b.
12
c.
14
d.
10
2 answers:
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Answer:
The V-shaped graph opens downward, and its vertex lies at (1, 12).
Step-by-step explanation:
- first, plot the graph of f(x),
- take some 5 random negative and positive x values and then find corresponding f[x] values.plot f(x) on y-axis. now, plot these points on the graph and finally join all the points. this gives u the required graph.
- I have plotted the graph and uploaded it.
refer it.
- by seeing the graph, we can easily say that,The V-shaped graph opens downward, and its vertex lies at (1, 12).
