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.
Percentage is out of a 100. Therefore, 35/100
Simplify 35/100
Becomes 7/20
Fraction of 35% is 7/20
Answer is below this comment :D
I think the answer is the slope is -2 and the y-intercept is 12
Answer: Undefined
The x coordinates are the same, so a vertical line forms. All vertical lines have undefined slopes.
We can see it through the slope formula
m = (y2-y1)/(x2-x1)
m = (3-(-6))/(2-2)
m = (3+6)/(2-2)
m = 9/0
We cannot divide by zero, so the result is undefined.