It’s 21.9 hope this helps
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.
Let's solve your equation step-by-step.
2b+1=16−3b
Step 1: Simplify both sides of the equation.
2b+1=16−3b
2b+1=16+−3b
2b+1=−3b+16
Step 2: Add 3b to both sides.
2b+1+3b=−3b+16+3b
5b+1=16
Step 3: Subtract 1 from both sides.
5b+1−1=16−1
5b=15
Step 4: Divide both sides by 5.
5b/5=15/5
<em>answer: b=3</em>
