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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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IgorC [24]

Answer:

Height of the brick portion of the wall is 5.61 feet.

Step-by-step explanation:

Employees of the landscaping company used brick to build the top 2/3 of the wall. The total dimensions of the wall are 8 and 1/2 * 2 and 3/4 feet. So the height of the wall = 8 and 1/2 feet or in other words 8.75 feet.

Height of the brick portion of the wall = 2/3 * 8.5 = 0.66 * 8.5 = 5.61 feet

So the height of the brick portion of the wall is 5.61 feet.

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3 years ago
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Answer:

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Step-by-step explanation:

If p equals 15 then plug 15 in for p and take 15-9=6. pretty sure that's what they are looking for there.

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Answer:

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