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Assume That the Amount of Money Deposited in a Bank

Question 8

Multiple Choice

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 36%. 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 36%. 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 36%. 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 36%. 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 36%. 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 36%. 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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