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geniusboy [140]
3 years ago
5

Lydia receives a $2,000 gift and wants to open a savings account. Which bank interest would be the best for her if the current i

nflation rate is
3.5%?
O4% interest
O3% interest
O3.9% interest
O4.1% interest
Business
1 answer:
scoray [572]3 years ago
7 0

Answer:

O4.1% interest

Explanation:

Inflation erodes the strength of a currency. If the interest rate on offer is below the inflation rate, saving money in a bank will result in a loss.

To gains from a savings account, the real rate of interest must be positive. The real rate will the nominal interest rate( the quoted rate) - the inflation rate. The higher the nominal rate, the better for the customer.

In this case, 4.1 % will be best for the customer. If the inflation rate is 3.5%, an interest rate of 4.1% will give a real interest rate of 0.6%.

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Katie invested a total of ​$4000​, part at 2​% simple interest and part at 3​% simple interest. At the end of 1​ year, the inves
alexandr402 [8]

Answer:

$2,500; $1,500

Explanation:

Given that,

Total amount invested = $4,000

Let the amount invested at 2% be x,

and the amount invested at 3% be (4,000 - x)

Interest earned = $95

Time period = 1 year

Simple interest = Principle × Interest rate × Time period

$95 = (x × 0.02 × 1) + [(4,000 - x) × 0.03 × 1)

$95 = 0.02x + 120 - 0.03x

$95 = -0.01x + 120

0.01x = 120 - 95

0.01x = 25

x = 2,500

Therefore,

Amount invested at 2% = x = $2,500

Amount invested at 3% = (4,000 - x)

                                       = 4,000 - 2,500

                                       = $1,500

5 0
3 years ago
Suppose you are the owner of a picture frame store and your current fixed costs total $50,000 (real estate taxes, interest on a
ra1l [238]

Answer:

$100

Explanation:

Given that,

Total fixed cost = $50,000

Break even units = 1,000

Variable cost per unit = $50

Break even Units = Fixed Cost ÷ Contribution Per unit

Contribution Per unit = Fixed Cost ÷ Break even Units

                                   = $50,000 ÷ 1,000

                                   = $50

Sales - Variable Cost = Contribution per unit

Sales - $50 = $50

Sales price per unit = $50 + $50

                                 = $100

Therefore, the price necessary to break-even by selling a quantity of 1,000 frames is $100.

8 0
3 years ago
SDLC is: 1. A plan to outsource and insource an information system to meet the organization's information needs 2. An informatio
algol13
<h3>SDLC is a way to deliver efficient information systems that fit with an organization's strategic business plan </h3>

Explanation:

Software Development Life Cycle (SDLC) is a method used by the software industry for designing, producing and reviewing applications of high quality. The SDLC strives to create a high-quality product that meets or exceeds customer requirements, completes in time and estimates of costs.

A life cycle of software development is close to that of a life cycle of a project.  In fact, in many situations, SDLC is considered to be a phased project model that matches the organizational business plan, personnel, policy, and budgeting constraints of a huge scale systems project.

4 0
3 years ago
The primary measure of the economy's performance is its annual total output of goods and services, which is called its
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The primary measure of the economy's performance is its annual total output of goods and services, which is called gross domestic product or GDP.

Gross Domestic Product (GDP) is the total value or market value of all goods and services produced domestically within a given period of time. It serves as a comprehensive scorecard for the economic health of a particular country as a broad measure of gross domestic product.

Gross Domestic Product (GDP) is the value of domestically produced goods and services. Gross National Product (GNP), on the other hand, is the value of all finished goods and services owned by the citizens of a country, whether or not they are manufactured in that country.

Learn more about GDP here: brainly.com/question/1383956

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6 0
2 years ago
Donuts or Doughnuts: Homer's bakery in Brooklyn has the following short run production function for donuts: where q measures the
ella [17]

Answer:

do you have a picture of a graph

Explanation:

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3 years ago
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