Answer:
Bank One is offering a simple interest rate of 6.25% per annum.
Step-by-step explanation:
Given that Bank One offers a certificate of deposit that pays $ 5,000 in four years for exchange for $ 4,000 today, to determine what interest rate is Bank One offering the following calculation must be performed:
(5000 - 4000) / 4 = X
1000/4 = X
250 = X
4000 = 100
250 = X
250 x 100/4000 = X
25000/4000 = X
6.25 = X
Therefore, Bank One is offering a simple interest rate of 6.25% per annum.
1,725 yards, because 575×3=1,725. Or 575+575+575=1,725
Answer:
answer for question 7. 0.17×70 = $11.9
Answer:
Step-by-step explanation:
u+6 = - 5 Subtract 6
u + 6 - 6 = - 5 - 6
u = - 11
Try thinking this as money. If you are 5 dollars in the hole and you borrow another 6 dollars, where are you?
The answer is that unless you pay your debt of 5 dollars, you are - 11 dollars in the hole.
