All categories

2 years ago

In 2017, which of these represents a competitive but realistic interest rate

Mathematics

1 answer:

xz_007 [3.2K]2 years ago

6 0

Answer: 1%

Step-by-step explanation:

Savings accounts offer interest payments on them however they are quite easy to access which means that banks are limited in being able to use funds in savings accounts for long term loans which bring in revenue.

This therefore translates to lower interest rates being paid on the accounts and in 2017 up until now, a competitive and realistic interest rate often found in savings accounts is approximately 1%.

You might be interested in

what would the phrase "twice the difference of a number and 5" look like as a variable expression? 2(x 5) 2(x−5) −5 2x 2 2(x−5)

svetoff [14.1K]

Twice (2 ·) the difference (subtraction) of a number (n) and 5

2 (n - 5)

5 0

3 years ago

Berry Delicious is a popular shop that sells chocolate-covered strawberries. Last year, the shop used 6,820 kilograms of strawbe

cestrela7 [59]

I believe it is a 20% decrease.

4 0

2 years ago

Help! i need the answer asap!!

Aloiza [94]

Answer:

B negative

Step-by-step explanation:

because a negative number divided by a positive number is negative

4 0

3 years ago

Divide by long division:<br> (3d^2+2d-29)/(d+3)<br> help please thank you and show work

BlackZzzverrR [31]

Ok so the answer i got was very complex, but i got the answers(if they r correct).
3d^2-27d-87.
i truly hope this helps.

8 0

3 years ago

The rate of change in sales for Garmin from 2008 through 2013 can be modeled by

Zina [86]

Answer:

a) The model for the sales of Garmin is represented by $S(t) = -\frac{81}{2500}\cdot t^{3} + \frac{267}{250}\cdot t^{2} - 11.9\cdot t + 47.112$ .

b) The average sales of Garmin from 2008 through 2013 were $ 2.5 billion.

Step-by-step explanation:

a) The model for the sales of Garmin is obtained by integration:

$S(t) = -0.0972\int {t^{2}} \, dt + 2.136\int {t}\,dt -11.9 \int\,dt$

$S(t) = -\frac{81}{2500}\cdot t^{3} + \frac{267}{250}\cdot t^{2} - 11.9\cdot t + C$ (1)

Where $C$ is the integration constant.

If we know that $t = 9$ and $S(t) = 2.9$ , then the model for the sales of Garmin is:

$-\frac{81}{2500} \cdot 9^{3} + \frac{267}{250}\cdot 9^{2}-11.9\cdot (9) + C = 2.9$

$C = 47.112$

The model for the sales of Garmin is represented by $S(t) = -\frac{81}{2500}\cdot t^{3} + \frac{267}{250}\cdot t^{2} - 11.9\cdot t + 47.112$ .

b) The average sales of the Garmin from 2008 through 2013 ( $\bar{S}$ ) is determined by the integral form of the definition of average, this is:

$\bar{S} = \frac{1}{13 - 8} \cdot \int\limits^{13}_{8} {S(t)} \, dt$ (2)

$\bar S = \frac{1}{5}\cdot \int\limits^{13}_{8} {\left[-\frac{81}{2500}\cdot t^{3} + \frac{267}{250}\cdot t^{2}-11.9\cdot t + 47.112 \right]} \, dt$

$\bar S = \frac{1}{5}\cdot \left[-\frac{81}{10000}\cdot (13^{4}-8^{4}) +\frac{89}{250}\cdot (13^{3}-8^{3}) -\frac{119}{20}\cdot (13^{2}-8^{2}) +47.112\cdot (13-8) \right]$ $\bar{S} = \frac{1}{5}\cdot (-198.167+599.86-624.75+235.56)$

$\bar{S} = 2.5$

The average sales of Garmin from 2008 through 2013 were $ 2.5 billion.

7 0

2 years ago