Answer:
(1) The annual interest rate is 10%, that is greater than 8%
(2) The annual interest is bigger than 22.47% and that is greater than 8%
Step-by-step explanation:
We have the equation:

Where I is the earns in interest, n is the number of years and r is the annual interest rate.
For the first case, we can replace I by $210 and n by 2 as:

Solving for r, we get:







So, for the first case, the interest rate paid by the bank is 10% and it is greater than 8%
For the second case, we need to take the equation and solve for r as:





So, for the second case the rate need to be bigger than 22.47% and that is bigger than 8%
Answer:
it is B
Step-by-step explanation:
Hello,
Please, see the attached file.
Thanks.
Call the production cost 'C', the revenue 'R' and the number of CDs 'n':
C=2000+5n
R=10n
By definition Profit P = R-C, therefore P=10n-2000+5n = 5n-2000.