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Zarrin [17]
3 years ago
14

Oscar has received a $4,000 gift and is looking for a bank to start a savings account. Which option would be the best for him at

a current inflation rate of 1.5%?
Mathematics
1 answer:
Brut [27]3 years ago
6 0

Here is the complete question

A nominal interest rate of 5%

A real interest rate of 5%

A real interest rate of 3%

A nominal interest rate of 3%

Answer:

A real interest rate of 5%

Step-by-step explanation:

A real interest rate of 5% is the best option for oscar. The nominal rate of interest is a type of interest rate that shows the increase in in percentage of money without the depreciation discount that is usually caused by inflation or the payment of tax.

The real rate of interest shows the real increase in the money that has been paid for an investment. This is after inflation has been discounted and all forms of taxes have been paid.

So oscar should invest his $4000 on a savings account whose real interest rate is 5% per year

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The map below shows the path that Jin walked this morning. According to his pedometer, the total distance of this path was 2.3 k
max2010maxim [7]

Answer:

5 centimetres = 1 kilometre

Step-by-step explanation:

First add up the distances measured on the map.

1.1+4.8+2.2+3.4=11.5 cm

Based on this, since the number of cm is greater than the number of km, we can figure out that each cm should not be multiplied to get the km, so we can eliminate the first two answers.

Next write an equation to represent finding the scale

x=scale

11.5=2.3x

Now solve for the scale

11.5/2.3=2.3x/2.3

5=x

Therefore the scale is 5 centimetres = 1 kilometre

6 0
3 years ago
Shelia buys 33kg of rice, 9kg of cornmeal, and a certain amount of flour at the supermarket. The amount of flour bought is a thi
bearhunter [10]

Answer: 11 kg

Step-by-step explanation:

Given

Shelia buys 33 kg of rice and 9 kg of cornmeal

The amount of flour bought is one-third of the amount of rice bought

The amount of flour is

\Rightarrow \dfrac{33}{3}=11\ kg

8 0
3 years ago
Identical prizes are to be given to two winners from a group of 12 contestants. What counting formula would you use to determine
mr Goodwill [35]

We will use a combination formula to determine how many ways the prizes could be given out.

In mathematics, a combination is a way of selecting items from a collection where the order of selection does not matter. Suppose we have a set of three numbers P, Q and R. Then in how many ways we can select two numbers from each set, is defined by combination.

The combination is defined as “An arrangement of objects where the order in which the objects are selected does not matter.” The combination means “Selection of things”, where the order of things has no importance.

The formulas nCk is popularly known as counting formula.

Learn more about Combination:

brainly.com/question/4313883

#SPJ4

5 0
2 years ago
A boat took 5 h to travel 60 km up a river, against the current. The return trip took 3 h. Find the speed of the boat in still w
Dafna11 [192]

Answer:

Correct answer: V₁ boat = 16 km/h and V₂ current = 4 km/h

Step-by-step explanation:

If we take speed (velocity) of the boat as V₁ and speed of the current V₂

Let us form equations:

Traveling down the current  V₁ + V₂ = 60/3 = 20 km/h

Traveling against the current  V₁ - V₂ = 60/5 = 12 km/h

V₁ - V₂ = 12

V₁ + V₂ = 20

If we add up the left and right sides of the equations we get:

2 V₁ = 32  =>    V₁ = 32/2 = 16 km/h

from the second equation we get:

V₂ = 20 - V₁ = 20 - 16 = 4 km/h

V₂ = 4 km/h

God is with you!!!

8 0
3 years ago
If triangle FGH, FG=8.7, FH=4.5 and GH=6.1, Which is the smallest angle of the triangle
jolli1 [7]

∠G is the shortest

Step-by-step explanation:

Given is a ΔFGH

FG = 8.7

FH = 4.5

GH = 6.1

The triangle will be formed with three angles

F, G and H

"The side opposite to the largest angle of the triangle is the largest"

Similarly, The side opposite to the shortest angle is the shortest.

Converse of this postulate will be:

The interior angle opposite to the shortest side of the triangle is the smallest.

The triangle formed is attached in the form of a picture.

The angle opposite to FH will be the shortest.

Hence,

∠G is the shortest

Keywords: Angles, triangles

Learn more about angles at:

  • brainly.com/question/7128279
  • brainly.com/question/702593

#LearnwithBrainly

7 0
3 years ago
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