You are investing $5,000 and can invest for 2 years or 3 years at 1.75% and 1.25% interest rates, respectively. Which earns more
1 answer:
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Answer:
Step-by-step explanation:
Let the numbers be x,y, where x>y
The geometric mean is
The Arithmetic mean is
The ratio of the geometric mean and arithmetic mean of two numbers is 3:5.
We can write the equation;
or
l
and
or
Make y the subject in equation 2
Put equation 3 in 1
When x=1, y=10-1=9
When x=9, y=10-9=1
Therefore x=9, and y=1
The ratio of the smaller number to the larger number is
