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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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4 0
3 years ago
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Ben has $100 to go shopping. Does he have enough money to buy a $20 and a $72 pair of shoes if there is an 8.5% tax
Juli2301 [7.4K]

So, we first add the 20 and 72 together and you will get 92.

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Answer the following equations:
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Step-by-step explanation:

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3t+15 = 9

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By cross multiplication,

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<em>Hope</em><em> </em><em>it</em><em> </em><em>helps</em><em>.</em>

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2 years ago
Any number multiplied by<br> (A) 5<br> (B) 6<br> (C) 7<br> (D) 9<br> has only even products.
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Answer:

c 6

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If 19 represents 228 gallons, what is the value of 6 units
levacccp [35]

Answer:

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Step-by-step explanation:

we know that

19 units represent 228 gallons

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