On the Internet You Find the Following Offers for Opening

question 203

Multiple Choice

On the Internet you find the following offers for opening an online account.Which of them is the best offer if you have $5,000 to save for two years?

• A)an interest rate of 5 percent,with the bank charging you a $50 processing fee at the time you open your account
• B)an interest rate of 4 percent,with the bank giving you a $65 bonus at the time you open your account
• C)an interest rate of 3.5 percent,with the bank giving you a $100 bonus to open your account
• D)an interest rate of 4.5 percent,with no processing fee and no bonus

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Definitions:

Inequality

A mathematical sentence indicating that two expressions are not equal, using symbols such as <, >, ≤, or ≥.

Solve

The process of finding the value(s) of variable(s) that satisfy an equation, inequality, or system of equations.

Inequality

A mathematical relation that shows how two values are not equal, using symbols such as <, >, ≤, or ≥.