Mathematics, 20.05.2021 23:10, KalistaBab

The amount of money that customers deposit in a bank in savings accounts is directly proportional to the interest rate that the bank pays
on that money. Suppose that a bank was able to turn around and loan
out all the money deposited in its savings accounts at an interest rate
of 18%. What interest rate should it pay on its savings accounts in
order to maximize profit?

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 21:00, makayla10119

When george started his current job, his employer told him that at the end of the first year, he would receive two vacation days. after each year worked, his number of vacation days will double up to five work weeks (25days) of payed vacation. how many vacation days will he have in 4 years

Answers: 1

continue

Mathematics, 21.06.2019 22:20, davelezow72301

An object in geometry with no width, length or height is a(n):

Answers: 1

continue

Mathematics, 22.06.2019 00:30, Ramirez72

If you were constructing a triangular frame, and you had wood in the length of 4inches, 4 inches, and 7 inches, would it make a triangle? would you be able to create a frame from these pieces of wood? yes or no. explain your mathematical thinking

Answers: 2

continue

Mathematics, 22.06.2019 01:10, zacharynugent

Simplify each expression. use positive exponents. show work . (x –2 y –4 x 3 ) –2

Answers: 2

continue

Do you know the correct answer?

The amount of money that customers deposit in a bank in savings accounts is directly proportional t...