Answer:
2.39%
Step-by-step explanation:
Maxwell bought $15,000 worth of 52-week T-bills for $14,650
Therefore the rate of return on investment can be calculated as follows
= 15,000-14,650/14,650× 100
= 350/14,650 × 100
= 0.02389 × 100
= 2.39%
Hence the rate of return on this investment is 2.39%
Answer:
Step-by-step explanation:
I hope I helped you^_^
The midpoint formula states that the midpoint is equal to (x1 + x2/2, y1 + y2/2). However, in this instance, we only have to deal with the x-values because that is where our unknown variable x is. Using our formula for the x-values, we can set up the following equation:
(x + 9)/2 = 7
To solve this equation, we must first multiply both sides by 2 to get rid of the denominator on the left side of the equation.
x + 9 = 14
Next, we should subtract 9 from both sides of the equation to get the variable x alone on the left side.
x = 5
Therefore, your answer is x=5.
Hope this helps!
Answer:
The explicit formula for f(n) is:
Step-by-step explanation:
The explicit formula is described by the following geometrical progression:
