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Assume That the Amount of Money Deposited in a Bank

Question 125

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Assume that the amount of money deposited in a bank is proportional to the square of the interest rate the bank pays on this money. Furthermore, the bank can reinvest this money at 27%. Find the interest rate the bank should pay to maximize profit. (Use the simple interest formula.) ​


A) Assume that the amount of money deposited in a bank is proportional to the square of the interest rate the bank pays on this money. Furthermore, the bank can reinvest this money at 27%. Find the interest rate the bank should pay to maximize profit. (Use the simple interest formula.) ​ A) B) C) D) E)
B) Assume that the amount of money deposited in a bank is proportional to the square of the interest rate the bank pays on this money. Furthermore, the bank can reinvest this money at 27%. Find the interest rate the bank should pay to maximize profit. (Use the simple interest formula.) ​ A) B) C) D) E)
C) Assume that the amount of money deposited in a bank is proportional to the square of the interest rate the bank pays on this money. Furthermore, the bank can reinvest this money at 27%. Find the interest rate the bank should pay to maximize profit. (Use the simple interest formula.) ​ A) B) C) D) E)
D) Assume that the amount of money deposited in a bank is proportional to the square of the interest rate the bank pays on this money. Furthermore, the bank can reinvest this money at 27%. Find the interest rate the bank should pay to maximize profit. (Use the simple interest formula.) ​ A) B) C) D) E)
E) Assume that the amount of money deposited in a bank is proportional to the square of the interest rate the bank pays on this money. Furthermore, the bank can reinvest this money at 27%. Find the interest rate the bank should pay to maximize profit. (Use the simple interest formula.) ​ A) B) C) D) E)

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