All categories

3 years ago

Maxwell purchased $15,000 worth of 52-week T-Bills for $14,650. What will be the rate of return on his investment?

Mathematics

1 answer:

Ket [755]3 years ago

5 0

Answer:

2.39%

Step-by-step explanation:

Maxwell bought $15,000 worth of 52-week T-bills for $14,650

Therefore the rate of return on investment can be calculated as follows

= 15,000-14,650/14,650× 100

= 350/14,650 × 100

= 0.02389 × 100

= 2.39%

Hence the rate of return on this investment is 2.39%

You might be interested in

X^2-18x-6. complete the square

vlabodo [156]

Answer:

$(x-9)^2-87$

Step-by-step explanation:

6 0

3 years ago

Read 2 more answers

On a coordinate plane, parallelogram H I J K is shown. Point H is at (negative 2, 2), point I is at (4, 3), point J is at (4, ne

Mrrafil [7]

<h3>Answer: Choice C. (1,0)</h3>

============================================================

Explanation:

Point H is at (-2,2) and J is at (4,-2)

Focusing on the x coordinates, the midpoint is (x1+x2)/2 = (-2+4)/2 = 1.

The y coordinates have a midpoint of (y1+y2)/2 = (2+(-2))/2 = 0.

The midpoint is at (1,0). That's why the answer is choice C.

--------------------------

This next section is optional.

Points I and K are located at (4,3) and (-2,-3) respectively

Averaging the x coordinates gets us (x1+x2)/2 = (4+(-2))/2 = 1

Doing the same for the y coordinates gets us (y1+y2)/2 = (3+(-3))/2 = 0

We end up with the same midpoint (1,0)

The midpoint being the same for both diagonals proves that each diagonal is bisected, ie cut in half.

3 0

3 years ago

X2 + 5x - 14 Select one of the factors of the quadratic expression.

vfiekz [6]

The equation factored would be (x+7)(x-2). As 7-2=5 and (7)(2)=14.

3 0

3 years ago

Manny Brought a brand new car in 2012 for $28750. if the car depreciates by 12% each year, write n exponential function to model

alexira [117]

The formula for exponential decay is
$y=a(1-r)^{x}$

where a is the initial value (28750)
r is the rate of decrease (0.12)
x is the time, in this case in years (6 . 2018-2012 = 6 years)

$y=28750(1-0.12)^{6}$

<span>y </span>≈ <span>13351.62</span>

8 0

3 years ago

• I need a well explained ans ...<br>• spams no needed

WITCHER [35]

Answer:

Sry if it is wrong..........

4 0

2 years ago

Read 2 more answers