Answer:
The best option for him would be a real interest rate of 5%.
Step-by-step explanation:
The nominal interest rate is the one that represents the percentage of increase of the money that is in a certain investment, without discounting the depreciation due to inflation or the payment of taxes.
On the other hand, the real interest rate is the one that represents the real increase in the money invested, after discounting inflation and any taxes to be paid.
Therefore, the best option for Oscar would be to invest his $ 4,000 in a savings account with a real interest rate of 5% per year.
C: 7/8
Explanation: Since we want a number that makes 4p less than 4, we need to find a number for p that is less than 1. By looking at each fraction, only 7/8 will render it less than 4
100% of the price = $400
x % of the price = $320
we need to find x
using a proportion
100 : 400 = x : 320
100 * 320 = 400 * x
32000 = 400x
x = 32000 / 400
x = 80
That means the new price is 80% of the previous price.
100% - 80% = 20%
and based on this we can make a conclusion that the discount was 20%
I hope it is clear to you, feel free to ask anything about it :)
Answer:
degree 3, binomial
Step-by-step explanation:
the highest exponent is the degree, it's two terms so bi meaning 2 makes it a binomial
