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:
D
Step-by-step explanation:
IF you count the dots for each graph, you would see that the minimum for B is Higher than group A's maximum, Therefore, the numbers do not overlap. This means that at a simple glance you can see which company does better.
- 4 w - 4 = - 24
- 4w = - 20
w = 5
Answer:
9
Step-by-step explanation:
