Oscar has received a $4,000 gift and is looking for a bank to start a savings account. Which option

Mathematics

1 answer:

hoa [83]2 years ago

4 0

Answer:

The best option for him would be a real interest rate of 5%.

Step-by-step explanation:

The nominal interest rate is the one that represents the percentage of increase of the money that is in a certain investment, without discounting the depreciation due to inflation or the payment of taxes.

On the other hand, the real interest rate is the one that represents the real increase in the money invested, after discounting inflation and any taxes to be paid.

Therefore, the best option for Oscar would be to invest his $ 4,000 in a savings account with a real interest rate of 5% per year.

You might be interested in

Please help me! I have no idea how to do this

elena-s [515]

The best way to do this is to make up values for the sides.

Say the lengths of square B's sides are each 4 cm. That means A's sides are 2 cm.

So, the area of square B is 4^2 = 16 cm^2, and A's area is 4 cm^2. We can see the shaded area is half of A, so it's 2 cm^2.

What percent of 16 is 2?

2 / 16 * 100 = 12.5%

5 0

2 years ago

A. Find the vertex form equations (y = a(x - h)2 + k) for the parabolas below.