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3 years ago

How do banks use deposits?

1 answer:

3 0

As mentioned before, banks<span> basically make money by lending money at rates higher than the cost of the money they lend. More specifically, </span>banks<span> collect interest on loans and interest payments from the debt securities they own, and pay interest on </span>deposits<span>, CDs, and short-term borrowings.</span>

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Find the value of ‘x’ if 32 x 2^ x = 2^ 8<br><br> please give steps

Serjik [45]

Answer:

x = 3

Step-by-step explanation:

32 * 2^x = 2^8

32 * 2^x = 256

divide 32 from both sides

2^x = 8

then solve for x

2^3 = 8

5 0

3 years ago

8 ^ x * 16 ^ x - 1 equals 1

Lana71 [14]

Answer:

${8}^{x} \times {16}^{x } - 1 = 1 \\ {2}^{3x} \times {2}^{4x} = 1 + 1 \\ {2}^{7x} = {2}^{1} \\ 7x = 1 \\ x = \frac{1}{7}$

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3 years ago

1. 3x + 7 -2x = 9x + 3 + 10x

nadya68 [22]

Answer: The answer would be C

Step-by-step explanation:

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3 years ago

Daniel deposits $300 into an account that earns 16% interest annually. Which equation can be used to model his account balance,

MAVERICK [17]

Answer:

$y=300(1+0.16)^x$

Step-by-step explanation:

<h2>This account can be modeled using the compound interest formula.</h2><h2>the compound interest formula is expressed as</h2>

$A= P(1+r )^t$

Where

A =final amount = y

P=initial principal balance = $300

r=interest rate = 16%= 0.16

t=number of time periods elapsed= x

Hence the equation to model his account balance/ final amount A (y) after time (x) years is

$y=300(1+0.16)^x$

5 0

3 years ago

I've tried this question multiple times and I just don't understand how to do it :(

Mariana [72]

I think you substitute 189 for the letter t.

You actually do substitute.

6 0

3 years ago