Answer:
b
Step-by-step explanation:
Certificates of deposit are only available to the bank's most proven and valuable customers, so the bank can afford to give a greater interest rate on them.
Answer:
There will be 20 914 rupees in the amount at the end of 3 years.
Step-by-step explanation:
The amount of rupes after t years in compound interest is given by:
In which A(0) is the initial amount and r is the interest rate, as a decimal.
Hiran invests 20 000 rupees in an account for 3 years at 1.5% per year compound interest.
This means that 
. So
Work out the total amount of money in the account at the end of 3 years.
This is A(3). So
Rounding to the nearest rupee.
There will be 20 914 rupees in the amount at the end of 3 years.
Answer:
People should be knowledgeable about equations and inequalities because they are often used to solve day to day life problems.
Often times real life problems are modeled using equations and inequalities
Step-by-step explanation:
Inequalities are used often in real life, businesses use inequalities to control inventory, plan production lines, produce pricing models, and for shipping/warehousing goods and materials. Inequalities are used in engineering and production quality assurance.
An equation is the mathematical representation of those two things which are equal, one on each side of an 'equals' sign. Equations are useful to solve our daily life problem.
Answer:
$20,232.75
Step-by-step explanation:
I hope it helped
