Suppose Bank One offers a certificate of deposit that pays $5,000 in four years for exchange for $4,000 today. What interest rate is Bank One offering?"

Bank One is offering a simple interest rate of 6.25% per annum.

Step-by-step explanation:

Given that Bank One offers a certificate of deposit that pays $ 5,000 in four years for exchange for $ 4,000 today, to determine what interest rate is Bank One offering the following calculation must be performed:

(5000 - 4000) / 4 = X

1000/4 = X

250 = X

4000 = 100

250 = X

250 x 100/4000 = X

25000/4000 = X

6.25 = X

Therefore, Bank One is offering a simple interest rate of 6.25% per annum.

15

step-by-step explanation:

we are given the following expression and we are to solve it and find the product:

-13 × (-5)

solving the given expression in the standard order of solving a mathematical expression, beginning with the opening of brackets and then multiplying the terms and changing their signs.

-3 × -5 = 15 (answer is positive because when negative is multiplied with negative, it gives a positive answer)