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.
<span>5x - y = 15 (1)
-10x+2y=-30 (2)
multiply (1) by 2
10x - 2y = 30
</span>-10x + 2y = -30 (2)
<span>---------------------------add
0 = 0
answer
</span><span>infinitely many solutions</span><span>
</span>
Original price = P = $12,698
Depreciation rate = r = 11% = 0.11
Time in years = t = 3
New price = A
The formula used will be:

Using the values, we get:
Thus, the worth of Suzuki after 3 years will be $8951.70