A financial institution offers to its investors a variable annual interest rate using the formula where x

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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?

Related Book For answer-question

Introduction To Business Statistics

ISBN: 9781111524081

7th Edition

Authors: Ronald M. Weiers

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Posted Date: Feb 12, 2023 11:19 PM

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A financial institution offers to its investors a variable annual interest rate using the formula where x

Question:

A financial institution offers to its investors a variable annual interest rate using the formula r(x) 4x^2/ x^2 + 2x + 5 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

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