Answer: The industrial revolution came with the advent of the stream powered printing press, enabling newspapers to be produced in masses
Explanation:
The industrial revolution came with the advent of the stream powered printing press, enabling newspapers to be produced in masses. Improvement also took place in the inking process to aid speed up production also introduction of wood pulp helping drive production cost. One of the major advantage for this widespread growth was the relevance the newspaper gained globally as worthy news ready to be reported were available.
Answer:
c) 3.75 years
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity. The value of the annuity is also determined by the present value of annuity payment.
Formula for Present value of annuity is as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Where
P = Monthly Payment = $200
r = rate of interest = 6.25%
PV = Loan amount = $8,000
As we already have the present value of annuity we need to calculate the rate of return.
$8,000 = $200 x [ ( 1- ( 1+ 6.25%/12 )^-n ) / 0.0625/12 ]
$8,000 / $200 = [ ( 1- ( 1.0052 )^-n ) / 0.0052 ]
40 x 0.0052 = 1- ( 1.0052 )^-n
0.028 = 1 - 1.0052^-n
0.028 - 1 = - 1.0052^-n
-0.792 = - 1.0052^-n
0.792 = 1/1.0052^n
1.0052^n = 1/0.792
1.0052^n = 1.2626
n log 1.0052 = log 1.2626
n = log 1.2626 / log 1.0052
n = 44.96 months
n = 44.96 / 12 = 3.75
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