Answer:
Bank One is offering a simple interest rate of 6.25% per annum.
Step-by-step explanation:
Given that Bank One offers a certificate of deposit that pays $ 5,000 in four years for exchange for $ 4,000 today, to determine what interest rate is Bank One offering the following calculation must be performed:
(5000 - 4000) / 4 = X
1000/4 = X
250 = X
4000 = 100
250 = X
250 x 100/4000 = X
25000/4000 = X
6.25 = X
Therefore, Bank One is offering a simple interest rate of 6.25% per annum.
We can make an equation that would help this. X will be the discount rate.
4x=3.60
Now, we need to solve the equation to find what X is.
Let's divide each side by 4.
x=.9
So, we know that the item was sold for 90% of what it was before, meaning that it has a 10% discount.
Answer:
88 inches
Step-by-step explanation:
formula for circumference: 2pir or pi*diameter
22/7*28=88
88 inches
Answer:
$75
Step-by-step explanation:
Question:Mr Tarun earns dollar $12.50 a day how much would he earn if he works for 6 days?
Solution:$12.50 in a day
12.50 multiple by 6
=75
Ans.$75
HOPE IT HELPS
CARY ON LEARNING
9514 1404 393
Answer:
x ≈ 9.8
Step-by-step explanation:
The relevant trig relation is ...
Tan = Opposite/Adjacent
Filling in the given values gives ...
tan(59°) = x/5.9
Multiplying by 5.9, we have ...
x = 5.9×tan(59°) ≈ 9.8
