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:
-1
2
7
Step-by-step explanation:
4 - 5 = -1
7 - 5 = 2
12 - 5 = 7
Answer:
72 degrees.
Step-by-step explanation:
As it is a right angled triangle and if the smaller acute angle = x degrees then:
x + 4x + 90 = 180.
5x = 90
x = 18 degrees.
The larger acute angle = 4x = 4*18
= 72 degrees.
Answer:
57 7/9
Step-by-step explanation:
I used a fraction calculator.
