Tavius would earn his best value if he invests in a three-year certificate of deposit with a nominal interest rate of 4 percent.
Tavius would invest in the option that yields the highest interest. This is the best value. In order to determine which option is the best, the interest rate of each option has to be determined.
<em><u>Interest rate of the first option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 2 = $150
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<em><u>Interest rate of the second option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.03 x 1 = $75
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<em><u>Interest rate of the third option</u></em>
Interest earned = amount invested x time x interest rate
$2500 x 0.04 x 3 = $300
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<em><u>Interest rate of the fourth option</u></em>
FV = P x (1 + r) n
$2500 x (1.03) = $75
A similar question was answered here: brainly.com/question/24748787?referrer=searchResults
Answer:
$6340
Step-by-step explanation:
First figure out what 6.5% of 4000 is by multiplying not dividing because dividing will give you a way bigger number.
4000 x 6.5%=260
260 x 9=2340
2340+4000=6340
1/4x - 10 = -50
1/4x = one forth of a number
-10 is decreased by 10
= -50 means is -50
The top half is called the numerator.
The bottom is called the denominator.
Answer: 30 percent of 20 is 6.
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Step-by-step explanation:
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(n/100) * 20 = 6 ?
Solve for "n" .
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Divide each side of the equation by "20" :
{ (n/100) * 20 } / 20 = 6 / 20 ;
to get:
n/100 = 6/20 ;
↔ 6/20 = n/100 ; solve for "n" ;
Look at the denominators:
20 * ? = 100 ?
100/ 20 = ? ;
100/20 = 5 ;
So, 20 * " 5" = 100 ;
Then 6* 5 = "n" (for the numerator, "n"; in : "n /100" ) ;
→ 6 * 5 = 30 ;
→ n = 30 .
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Answer: 30 percent of 20 is 6.
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