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DerKrebs [107]
2 years ago
9

Tavius wants to invest $2,500. Which option will earn him the best value?

Mathematics
1 answer:
Step2247 [10]2 years ago
5 0

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

<em><u /></em>

<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

<em><u /></em>

<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

<em><u /></em>

<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

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Answer:

Find out the what function equation represents the population of the city after t years .

To prove

The population of a city is 451,400. The population is expected to decrease at a rate of 3.2% each year.

This can be represented by exponential decreasing function.

f(t) = a (1 - r)^{t}

Where a is the initial value.

r is the rate in decimal form

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Here

a = 451,400

3.2 % is written in the decimal form.

= \frac{3.2}{100}

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Put in the formula

f(t) = 451400 (1 - 0.032)^{t}

f(t) = 451400 (0.968)^{t}

Therefore the decrease in the population of the city after t years is represented by

f(t) = 451400 (0.968)^{t}



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