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
The answer is C, because there are two different numbers correlated to the same number on the Y side. The table does not represent a function.
Answer:
x = 13
Step-by-step explanation:
Given that Δ NML and Δ PST are similar right triangles, we can set up the following proportional statement to establish their relationship:
Cross multiply:
8(x + 2) = 10 (x - 1)
8x + 16 = 10x - 10
Subtract 8x from both sides:
8x - 8x + 16 = 10x - 8x - 10
16 = 2x - 10
Add 10 to both sides:
16 + 10 = 2x - 10 + 10
26 = 2x
Divide both sides by 2:
13 = x
Verify whether x = 13 is the correct value:
This shows the proportional relationship between , and that ΔNML and ΔPST are indeed similar right triangles.
Therefore, the correct answer is x = 13.
195 ÷ 4 = 48.75
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