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:
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Step-by-step explanation:
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Answer:
Step-by-step explanation:
2)
a) elimination method
b) substitution method
c) substitution method
For the first part we can elimate the y variable by subtracting the equations. We can then find the value of x.
For the second part we can substitute y as 2x+5 in the second equation and solve for x.
For the third part we can substitute y as 4x+3 in the first equation and solve for x.
3)
The answer is pretty simple, 1/8, 1/5, 1/4, 1/2
Answer: i'm pretty sure it's 38,500
Step-by-step explanation:
