Question
A financial institution offers to its investors a variable annual interest rate using the formula where x is the amount invested in thousands of dollars.
A financial institution offers to its investors a variable annual interest rate using the formula
where x is the amount invested in thousands of dollars.
a. What is the annual interest rate for an investment of $8000?
b. What is the annual interest rate for an investment of $20,000?
c. What is the maximum annual interest rate offered by them?
A financial institution offers to its investors a variable annual interest rate using the formula r(x) 4x^2/ x^2 + 2x + 5
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Introduction To Business Statistics
Authors: Ronald M. Weiers
7th Edition
978-0538452175, 538452196, 053845217X, 2900538452198, 978-1111524081
