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Answer:
According to the sample data, we can claim that the current satisfaction rate is different from last year's.
Step-by-step explanation:
The explanation is in the picture.
The formula is
A=p (1+r)^t
A future value?
P present value 160000
R interest rate 0.16
T time 3years
A=160,000×(1+0.16)^(3)
A=249,743.36
Use that future value to find the present value at a rate 8% compounded annually
To find p (present value) solve the formula for p
P=A÷ (1+r)^t
Where r is 0.08
P=249,743.36÷(1+0.08)^(3)
p=198,254.33
Answer:
12.5% increase OR 112.5% Percentage of Change
Step-by-step explanation:
For this problem consider that our original maximum value is 96 square feet, but our new maximum value is 108 square feet. So to find the change as a percentage (in this case the increase) use the following formula:
Percentage of Change = ( New Maximum / Old Maximum ) * 100
So, let's use this formula to find the percentage change of the room.
Percentage of Change = ( 108 / 96 ) * 100
Percentage of Change = (1.125) * 100
Percentage of Change = 112.5
So the percentage of Change is 112.5%. Note, the old maximum is the point of comparison which is 100%.
So to find the increase, we will do 112.5% - 100% to get 12.5%. Hence, we have a 12.5% increase of a 108 square foot room compared to a room of 96 square feet.
Cheers.