Solve the problem.A certificate of deposit pays
interest compounded quarterly. What effective interest rate does the CD pay? Round to the nearest tenth when necessary.
A. 5.8%
B. 4%
C. 21.6%
D. 5.1%
Answer: D
Mathematics
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Solve the problem.$4094 is deposited into a savings account at 1% interest, compounded annually. To the nearest year, how long will it take for the account balance to reach $1,000,000?
A. 774 years B. 387 years C. 553 years D. 497 years
Mathematics
The graph of a function is given. Determine whether the function is increasing, decreasing, or constant on the given interval.(0, ?)
A. decreasing B. constant C. increasing
Mathematics
Match the equation to the graph.x2 = 11y
A.
B.
C.
D.
Mathematics
Find the equation of the line with the given slope and y-intercept.Slope 0; y-intercept (0, 4)
A. y = 0 B. y = 4x C. y = 4 D. x = 4
Mathematics