At a local bank, certificates of deposit (CDs) mature every 9 months. At another bank, CDs mature every 12 months. If CDs are purchased on the same day at each bank and are renewed when they mature, what is the least number of months that will pass before the two banks' CDs are mature at the same time?
- A. 72
- B. 36
- C. 108
- D. 3
Correct Answer & Rationale
Correct Answer: B
To find when the CDs from both banks mature simultaneously, we need to determine the least common multiple (LCM) of their maturity periods: 9 months and 12 months. Calculating the LCM, we see that the multiples of 9 are 9, 18, 27, 36, 45, 54, 63, 72, and 81. The multiples of 12 are 12, 24, 36, 48, 60, 72, and 84. The smallest common multiple is 36 months. Option A (72) is incorrect as it’s not the smallest shared maturity. Option C (108) is also incorrect; it exceeds the LCM. Option D (3) is far too short, as it does not accommodate either maturity period. Thus, 36 months is the earliest point both CDs will mature together.
To find when the CDs from both banks mature simultaneously, we need to determine the least common multiple (LCM) of their maturity periods: 9 months and 12 months. Calculating the LCM, we see that the multiples of 9 are 9, 18, 27, 36, 45, 54, 63, 72, and 81. The multiples of 12 are 12, 24, 36, 48, 60, 72, and 84. The smallest common multiple is 36 months. Option A (72) is incorrect as it’s not the smallest shared maturity. Option C (108) is also incorrect; it exceeds the LCM. Option D (3) is far too short, as it does not accommodate either maturity period. Thus, 36 months is the earliest point both CDs will mature together.
Other Related Questions
The owner of a small cookie shop is examining the shop's revenue and costs to see how she can increase profits. Currently, the shop has expenses of $41.26 and $0.19 per cookie.
The shop's revenue and profit depend on the sales price of the cookies. The daily revenue is given in the graph below, where x is the sales price of the cookies and y is the expected revenue at that price.
The shop owner needs to determine the total daily cost of making x cookies. Which of the following linear equations represents the cost, C, in dollars?
- A. C=4.6x+995
- B. C=0.046x+2
- C. C=0.19x+41.26
- D. C=1.2x+212.26
Correct Answer & Rationale
Correct Answer: C
The equation representing total daily cost must account for both fixed and variable costs. The fixed cost of $41.26 reflects the shop's expenses, while the variable cost is $0.19 per cookie, leading to the term 0.19x for x cookies. Therefore, C = 0.19x + 41.26 accurately captures both components. Option A incorrectly suggests a much higher fixed cost and variable rate, implying unrealistic expenses. Option B has a fixed cost that is too low and a variable cost that is also incorrect. Option D presents exaggerated figures for both fixed and variable costs, misrepresenting the shop's actual expenses.
The equation representing total daily cost must account for both fixed and variable costs. The fixed cost of $41.26 reflects the shop's expenses, while the variable cost is $0.19 per cookie, leading to the term 0.19x for x cookies. Therefore, C = 0.19x + 41.26 accurately captures both components. Option A incorrectly suggests a much higher fixed cost and variable rate, implying unrealistic expenses. Option B has a fixed cost that is too low and a variable cost that is also incorrect. Option D presents exaggerated figures for both fixed and variable costs, misrepresenting the shop's actual expenses.
The manager of a shipping company plans to use a small truck to ship pipes: The truck has a flatbed trailer with a rectangular surface that is 27 feet long and 8 feet wide. The truck will travel from Atherton to Bakersfield, where some pipes will be delivered, and then on to Castlewood to deliver the remaining pipes. The map shows the roads that connect Atherton. Bakersfield. and Castlewood.
The manager is planning to buy a new truck with better gas mileage. He collected data bout the gas mileage of one of the company's trucks. The table shows the gas mileage or that truck based on the distances traveled on five recent trips.
The new truck the manager plans to buy has an advertised gas mileage of 8 miles per gallon. To the nearest percent, how much greater is the gas mileage of the new truck than the lowest gas mileage recorded for the current truck?
- A. 14
- B. 25
- C. 23
- D. 33
Correct Answer & Rationale
Correct Answer: D
To determine how much greater the new truck's gas mileage is compared to the lowest recorded gas mileage of the current truck, first identify the lowest gas mileage from the provided data. If the lowest mileage is, for example, 6 miles per gallon, the difference between the new truck's 8 miles per gallon and the lowest mileage is 2 miles per gallon. To find the percentage increase, divide the difference (2) by the lowest mileage (6) and multiply by 100, resulting in approximately 33%. Options A (14%), B (25%), and C (23%) are incorrect as they do not accurately reflect the percentage increase based on the lowest mileage recorded.
To determine how much greater the new truck's gas mileage is compared to the lowest recorded gas mileage of the current truck, first identify the lowest gas mileage from the provided data. If the lowest mileage is, for example, 6 miles per gallon, the difference between the new truck's 8 miles per gallon and the lowest mileage is 2 miles per gallon. To find the percentage increase, divide the difference (2) by the lowest mileage (6) and multiply by 100, resulting in approximately 33%. Options A (14%), B (25%), and C (23%) are incorrect as they do not accurately reflect the percentage increase based on the lowest mileage recorded.
The equation d/f = g represents gallons of gasoline used, g, in terms of distance traveled in miles, d, and fuel efficiency, / miles per gallon of gasoline. Which combination of distance traveled and fuel efficiency uses 3 gallons of gasoline?
- A. 7 miles and 21 miles per gallon
- B. 57 miles and 19 miles per gallon
- C. 23 miles and 20 miles per gallon
- D. 32 miles and 35 miles per gallon
Correct Answer & Rationale
Correct Answer: B
To determine which combination uses 3 gallons of gasoline, we can rearrange the equation d/f = g to find d = g * f. For g = 3 gallons, we calculate d for each option. A: 7 miles and 21 mpg results in d = 3 * 21 = 63 miles, which is incorrect. B: 57 miles and 19 mpg gives d = 3 * 19 = 57 miles, matching the distance traveled. C: 23 miles and 20 mpg leads to d = 3 * 20 = 60 miles, which is incorrect. D: 32 miles and 35 mpg results in d = 3 * 35 = 105 miles, which is also incorrect. Only option B correctly satisfies the equation for 3 gallons of gasoline used.
To determine which combination uses 3 gallons of gasoline, we can rearrange the equation d/f = g to find d = g * f. For g = 3 gallons, we calculate d for each option. A: 7 miles and 21 mpg results in d = 3 * 21 = 63 miles, which is incorrect. B: 57 miles and 19 mpg gives d = 3 * 19 = 57 miles, matching the distance traveled. C: 23 miles and 20 mpg leads to d = 3 * 20 = 60 miles, which is incorrect. D: 32 miles and 35 mpg results in d = 3 * 35 = 105 miles, which is also incorrect. Only option B correctly satisfies the equation for 3 gallons of gasoline used.
Acceleration, a, in meters per second squared (m/5}), is found by the formula a= (V2-V2)/t where V1, is the beginning velocity, V2 is the end velocity, and t is time. What is the acceleration, in m/s^2, of an object with a beginning velocity of 14 m/s and end velocity of 8 m/s over a time of 4 seconds?
- A. 1.5
- B. -1.5
- C. 4.5
- D. -12
Correct Answer & Rationale
Correct Answer: B
To find acceleration, use the formula \( a = \frac{V2 - V1}{t} \). Here, \( V1 = 14 \, \text{m/s} \) and \( V2 = 8 \, \text{m/s} \). Plugging in the values gives \( a = \frac{8 - 14}{4} = \frac{-6}{4} = -1.5 \, \text{m/s}^2 \). Option A (1.5) is incorrect as it does not account for the decrease in velocity. Option C (4.5) miscalculates the difference between velocities and does not reflect the negative change. Option D (-12) results from incorrect arithmetic, misapplying the formula. Thus, the only accurate calculation shows the object is decelerating at -1.5 m/s².
To find acceleration, use the formula \( a = \frac{V2 - V1}{t} \). Here, \( V1 = 14 \, \text{m/s} \) and \( V2 = 8 \, \text{m/s} \). Plugging in the values gives \( a = \frac{8 - 14}{4} = \frac{-6}{4} = -1.5 \, \text{m/s}^2 \). Option A (1.5) is incorrect as it does not account for the decrease in velocity. Option C (4.5) miscalculates the difference between velocities and does not reflect the negative change. Option D (-12) results from incorrect arithmetic, misapplying the formula. Thus, the only accurate calculation shows the object is decelerating at -1.5 m/s².