Answer:
B.
Step-by-step explanation:
The answer is B because 3/5 of 1/2 is less than 1/2. The equation that represents this problem is
3/5 x 1/2 = 3/10
3/10 < 1/2
Therefore, 3/5 is less than 1/2!
To solve for time taken we use the compound formula:
A=P(1+r/100*n)^(n*t)
where:
A=future value
P=principle
r=rate
t=time
n=number of terms
6265=4000(1+7.5/(12*100))^(12t)
solving for t we get
1.56625=1.00625^12t
12t=72.0136
t=6.00 years
Answer: 6 years
Answer:
- Only compound interest has an exponent in its formula.
- Simple interest is only earned on the original principal investment.
- Compound interest is earned on principal and interest.
Step-by-step explanation:
The above statements are self-explanatory.
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The one statement that can be argued is ...
"Compound interest earns more money than simple interest at the same rate for the same amount of time."
This is true for time periods <em>longer than the initial compounding interval</em>. If interest is compounded annually, the amount of simple interest and compound interest <em>will be the same for the first year</em>. After that, the compound interest account earns more, because interest is paid on interest and principal, not just principal.
Answer: LEAST-1/8 GREATEST-3/4
Step-by-step explanation:
Answer:
Convenience sampling.
Step-by-step explanation:
To gather information on customer satisfaction, a researcher goes into each store and interviews six randomly selected customers at each store. This sampling technique is called convenience sampling.
Convenience sampling can be defined as a sampling method which involves the researcher selecting or collecting data that is easily available or choosing the individuals who are easiest to reach in a population. It is a type of non-probability method of sampling where the first or easiest available data source is being used by the researcher without other requirements.
In this scenario, to gather information on customer satisfaction, the researcher went to the store most likely situated in a shopping mall to collect data from six (6) customers in each stores.
<em>Some of the advantages of convenience sampling are low cost, data are collected quickly, lesser rules etc. </em>
