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.
Answer:
the answer is true.. I think
Answer:

Step-by-step explanation:




Let as consider, we need to find the fixed fee.
Given:
Cost of each ticket = $18
Number of tickets = 5
Total cost = $93
To find:
The fixed fee.
Solution:
Let x be the fixed fee..
Cost of 1 ticket = $18
Cost of 5 ticket = $(5 × 18)
= $90
Total cost 5 tickets = Fixed fee + Cost of 5 tickets



Therefore, the fixed fee is $3.