First we need to know how many people were asked - 120 + 630 = 750 people
Now we make fractions - 120/750 and 630/750
Divide the fractions - 120/750 = 0.16 and 630/750 = 0.84
Multiply the results by 100 so we can get the percentage - 0.16 x 100 = 16% and 0.84 x 100 = 84%
The percentage of people that like playing golf is 16%.
This is an exponential decay problem.
Using the equation Y = a *(1-rate)^time
where Y is the future value given as 12,000 and a is the starting value given as 13,000.
The rate is also given as 5%.
The equation becomes:
12,000 = 13,000(1-0.05)^x
12,000 = 13,000(0.95)^x
Divide each side by 13000:
12000/13000 = 0.95^x/13000
12/13 = 0.95^x
Use the natural log function:
x = ln(12/13) / ln(0.95)
x = 1.56 years. ( this will equal 12,000
Round to 2 years it will be less than 12000.
Answer:
2027 = $122.25
2016 = $48
Step-by-step explanation:
Find 1% of 75
75 / 100 = 0.75
multiply by 9
0.75 * 9 = 6.75
So that's $6.75 each year
Now, lets find our answers for 7 years.
6.75 * 7 = $47.25
75 + 47.25 = $122.25
<u>The stock will be $122.25 in 2027</u>
Now for 2016.
$6.75 * 4 = $27
$75 - $27 = $48
<u>The stock was $48 in 2016</u>
Answer:
1726 to the nearest 100 = 1700
