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:
40000000 800000
Step-by-step explanation:
whats the question here?
Answer:
D. 16 km
Step-by-step explanation:
Hope this helps!
Daily, there is always something new to be learning in the science world.
Answer:
No, and this isn't the place to put an ad
Step-by-step explanation:
