Answer:
less than half
Step-by-step explanation:
Tavius would earn his best value if he invests in a three-year certificate of deposit with a nominal interest rate of 4 percent.
Tavius would invest in the option that yields the highest interest. This is the best value. In order to determine which option is the best, the interest rate of each option has to be determined.
<em><u>Interest rate of the first option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 2 = $150
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<em><u>Interest rate of the second option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 1 = $75
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<em><u>Interest rate of the third option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.04 x 3 = $300
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<em><u>Interest rate of the fourth option</u></em>
FV = P x (1 + r) n
$2500 x (1.03) = $75
A similar question was answered here: brainly.com/question/24748787?referrer=searchResults
Answer:
1.67
Step-by-step explanation:
after the decimal we have the
tens
hundreths
thousanths
(usually math doesn't ask you to go farther than the thousanths place)
because 15/9 is 1.66666, you will go to the hundreths place and round that six. Six is one more than five so it gets rounded up. That changes the decimal to 1.67. You do not change it to 1.7, because it asked you to round to the nearest hundred not the nearest tens
Answer:
y=10/3 i think if that's what youre asking
Step-by-step explanation: