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
8 21/100 is the mixed number for8.21
Answer:
Gummy bears $3.20/lbs
Jelly beans $7.50/lbs
Step-by-step explanation:
For this we will substitute gummy bear price for "x" and jelly bean price for "y" which creates this system (also assuming there is no sales tax involved):
1.8x + 0.6y = 10.26
1.2x + 1.5y = 15.09
Then once solved, answers come out to be (x,y) = (16/5,15/2) which is (3.2,7.5)
Answer:
The first 2 and the last one
Step-by-step explanation:
You need to have an input per output, and to choose one or multiple the need to have a continuous pattern. Ex.+5 ad -2 on both sides every time would be a linear function.
