Solve the problem.A loan officer at a bank has $100,000 to lend and is required to obtain an average return of  per year. If he can lend at the rate of  or the rate of  how much can he lend at the  rate and still meet his required return?

A.

$7142.86?

B. $4000.00
C. $900,000.00
D. $33,333.33


Answer: D

Mathematics

You might also like to view...

Use the graph to answer the question.What were the total sales for 2000?

A. $50,000 B. $582,000 C. $48,000 D. $764,000

Mathematics

Evaluate the polynomial.5x3 - 4x2 + 12, when x = -2

A. -54 B. -20 C. -44 D. -56

Mathematics

Provide an appropriate response.A student was trying to solve the problem . The student knew that he or she should set  but was confused about whether or not he or she should set , or 6 = 0 and . How would you advise this student?

What will be an ideal response?

Mathematics

Solve the problem.Jack borrowed $1070 from his brother. Jack's brother wants 12 monthly payments of $100 to repay the loan. How much extra is Jack's brother charging for the loan?

A. $1300 B. $30 C. $130 D. $1200

Mathematics