Based on the interest rate, the cost of the bike, and the period of payment, Samatha will pay $721.71.
<h3>What will Samatha pay?</h3>
Samatha will pay a certain amount monthly. That amount can be found as:
Loan amount = Amount x ( 1 - ( 1 + rate) ^-number of periods) / rate
Solving gives:
700 = Amount x ( 1 - (1 + 2.95%/12) ⁻²⁴ / 2.95%/12 months)
Amount = 700 / ( 1 - (1 + 2.95%/12) ⁻²⁴ / 2.95%12 months)
= $30.07
Total amount paid by Samatha:
= 30.07 x 24 months
= $721.71
Find out more on loan payments at brainly.com/question/26011426.
Yes a reduction in market price will lead to an increase in quantity demanded.
Explanation:
It is true that when price decreases demand increases as these two factors affects each other inversely. There is a negative relationship between price and demand and it is known as Law of demand.
If the price increases , the quantity demanded falls down (but demand itself stays the same). If the price falls down, quantity demanded goes up. People who were demanding less due to the high price will demand more if price falls as this will not affect the their pocket more as earlier.
Answer: Mass customization
Explanation:
The mass customization is one of the marketing technique in which the various types of products and the services are get modified according to the customer requirement.
It basically associate with the mass production in which the products are available with the lower cost. In the organization, the mass customization technique basically allow the customers for selecting and designing the various types of features for the products.
Therefore, Mass customization is the correct option.
