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.
Answer:
c) multiply the numerators, multiply the denominators, and then simplify.
Step-by-step explanation:
Answer: Independent event
Step-by-step explanation:
When two events are independent of each other, this means that the probability that one event will occurs does not in any way affects the probability of the occurrence of the other event.
For example, card is picked at random from a deck of cards, and after putting it back,thne another card is picked at random. The probability of picking the cards is not affected by each other since it is put back.
Answer: he purchased 16 ride tickets.
Step-by-step explanation:
Let x represent the number of ride tickets that he purchased.
Let y represent the number of game tickets that he purchased.
Levi purchased a total of 50 ride tickets and game tickets at the amusement park. It means that
x + y = 50
If ride tickets cost $.75 each and game tickets cost $.50 each and the total amount spent on the tickets is $29, it means that
0.75x + 0.5y = 29- - - - - - - - - - - -1
Substituting x = 50 - y into equation 1, it becomes
0.75(50 - y) + 0.5y = 29
37.5 - 0.75y + 0.5y = 29
- 0.75y + 0.5y = 29 - 37.5
- 0.25y = - 8.5
y = - 8.5/-0.25
y = 34
x = 50 - y = 50 - 34
x = 16
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Step-by-step explanation: