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eimsori [14]
3 years ago
14

Suppose Bank One offers a certificate of deposit that pays $5,000 in four years for exchange for $4,000 today. What interest rat

e is Bank One offering?"
Mathematics
1 answer:
vlada-n [284]3 years ago
7 0

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.

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It is a i think sorry if wrong
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3 years ago
The Parry Glitter Company recently loaned $300,000 to FIX 92, a local radio station. The radio station signed a noninterest-bear
melomori [17]

Answer:

The Parry Glitter Company

The Parry Glitter Company should record the Notes Receivable as $300,000.

It should also record the interest receivable per year as $24,000 and the advertising cost as $24,000 per year.  These bring into the accounting records the interest revenue and also the advertising expense, which eventually cancel each other.

Step-by-step explanation:

a) Data and Calculations:

Notes Receivable = $300,000

If the notes receivable are repaid at the end of 3 years and it is assumed that the interest on the notes receivable = 8%

Therefore, the cost of the free advertising will be equal to $24,000 ($300,000 * 8%), which is the cost of the interest to the radio station.

8 0
3 years ago
Could someone explain how to do this, I have no idea how...
alexira [117]

Answer:

2a²

Step-by-step explanation:

Pair 'like' terms with 'like' terms, ie numbers go with numbers, and 'a's go with 'a's.

Lets deal with the top of the fraction first:

4ax3a³

Rearrange it so you have numbers beside numbers and 'a's beside 'a's:

(4x3)x(axa³)

12x(a⁴) <em>(because nᵃxnᵇ=nᵃ⁺ᵇ)</em>

12a⁴

Now, instead of (4ax3a³)/6a², we have 12a⁴/6a²

First divide the numbers: 12/6 =2

Now divide the 'a' parts: a⁴/a²=a² <em>(because nᵃ/nᵇ=nᵃ⁻ᵇ)</em>

Now we have 2a²

7 0
3 years ago
A bottle is filled with 4oz of perfume. If 20% of the perfume evaporates, how many ounces remain?​
marusya05 [52]
0.8 oz.
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I hope this helps
7 0
2 years ago
Read 2 more answers
Write an equation for a circle with a diameter that has endpoints at (–10, 1) and (–8, 5). Round to the nearest tenth if necessa
satela [25.4K]

The standard form for the equation of a circle is :

<span><span><span> (x−h)^</span>2</span>+<span><span>(y−k)^</span>2</span>=<span>r2</span></span><span> ----------- EQ(1)
</span><span> where </span><span>handk</span><span> are the </span><span>x and y</span><span> coordinates of the center of the circle and </span>r<span> is the radius.
</span> The center of the circle is the midpoint of the diameter.

 So the midpoint of the diameter with endpoints at (−10,1)and(−8,5) is :

 ((−10+(−8))/2,(1+5)/2)=(−9,3)

 So the point (−9,3) is the center of the circle.

  Now, use the distance formula to find the radius of the circle:

  r^2=(−10−(−9))^2+(1−3)^2=1+4=5

 ⇒r=√5

 Subtituting h=−9, k=3 and r=√5 into EQ(1) gives :

 (x+9)^2+(y−3)^2=5

7 0
3 years ago
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