Interest is the charge that is levied on the principal at a fixed percentage. The percentage of interest in the lifetime cost of the laptop is 13.7%.
<h3>What is interest?</h3>
Interest is the payment that the borrower incurs as a percentage of the principal for borrowing money.
Compound interest refers to the interest calculated on the principal and the interest up to the current interest period. The compound interest can be calculated using the formula:
, where P is the principal amount, r is the rate of interest, n is the number of times the interest is compounded, and t is the tenure. The total number of period is represented as nt.
The total lifetime cost of the laptop will be the combination of its purchase price, interest, and electricity expense.
Given,
The value of the laptop (P) is $779
The number of years of the loan is 2.5 years.
The APR is 11.27%.
The interest on the laptop will be:
The electricity charges for 6 years will be calculated as the product of electricity charges per day and the number of days in 6 years.
Total number of days will be calculated as:
Therefore electricity charges will be:
Hence the total lifetime value of the laptop is:
The percentage of interest in total lifetime value is:
The difference in answers could be a result of rounding. Therefore the correct option is b.
Learn more about interest here:
brainly.com/question/4605117
Birthrate is the number of births while deaerate is the number of deaths
The United Arab Emirates is a member of the Gulf Cooperation Council and the Arab League and provides financial contributions to some Arab and other developing countries. She has also participated in numerous peacekeeping missions and humanitarian missions organized by the United Nations. The United Arab Emirates occupies a global position as a tolerant and prosperous country to develop the country into a global investment market, tourist destination and cultural center.<span>Official Name: United Arab Emirates.
The United Arab Emirates, formerly known as the Trucial States, is a modern country located in the eastern part of the Arabian Peninsula and on the Persian Gulf between Saudi Arabia and Oman. The state was founded in 1971-72 as a federation of seven emirates, following the end of the 19th century Great Britain in the region. On December 2, 1971, six out of seven emirates (Abu Dhabi, Ajman, Fujairah, Sharjah, Dubai and Umm Al Quwain) formed the United Arab Emirates and the seventh emirate, Ras Al Khaimah, joined in 1972
</span><span>Many Emiratis are Sheikh Zayed bin Sultan Al Nahyan, ruler of Abu Dhabi and the first president of the United Arab Emirates until his death in 2004, the founding father of the state. The capital of the United Arab Emirates is Abu Dhabi, the second largest emirate after Dubai. The official religion is Islam, and the official language is Arabic. However, due to the high number of foreign nationals, English is the common language of the country. Oil revenues, geographical location and moderate foreign policy have given the country a vital role in the Gulf and Middle East issues. In a very short period of time, the country has undergone a radical transformation: the development of modern institutions, civic centers, infrastructure, high-rise buildings and communications and transportation systems. The experience and scholarly hand to implement this change has attracted millions of foreign workers from around the world.
</span><span>Against the backdrop of major political transformations in the region and surrounded by larger neighboring countries, seven small Arab emirates on the Persian Gulf in the early 1970s had no choice but to unite. Thus emerged the UAE. Economically, the differences between the UAE are great: the largest and most lucrative oil reserves are Abu Dhabi, and the most diversified economy is in Dubai. This vibrant commercial and tourist center, which has become a global frontier and equivalent to Manhattan, was hit in 2009 by major economic problems and Abu Dhabi was supported by bankruptcy.</span>
Answer:
takeoff
Explanation:
Takeoff is a stage marked by rapid economic growth based upon a few key economic industries or sectors, such as steel, railroads, textiles, and food production. Drive to maturity is a stage where the economy continues to grow and to diversify from the handful of industries that drove growth in the previous stage.
