Answer: 0.35%
Step-by-step explanation:
Given the following :
Advertised interest rate = nominal rate = 1.5%
Inflation rate = 1.15%
The real rate of return is calculated by:
[(1 + nominal rate) / ( 1 + inflation rate)] - 1
[(1 + (1.5/100)) / (1 + (1.15/100))] - 1
[(1 + 0.015) / ( 1 + 0.0115)] - 1
[ 1.015 / 1.0115] - 1
1.0034602 - 1 = 0.0034602
Real rate of return = (0.0034602 * 100)%
Real rate of return = 0.346%
Answer:
1.65 + 0.09s
Step-by-step explanation:
Given that :
Cost of speaker = $22
Cost per song = $1.25
Sales tax rate = 7.5%
Expression to obtain the amount of sales tax on entire purchase : 0.075(22 + 1.25s)
Expanding the expression :
0.075(22 + 1.25s)
(0.075 * 22) + (0.075 * 1.25s)
1.65 + 0.09375s
Rounding to the nearest hundredth :
Sales tax on entire purchase :
1.65 + 0.09s
Answer:
c. 44,950,000
Step-by-step explanation:
The following table is missing:
Year Attendance (millions)
1985 18.4
1990 25.2
1995 33.1
2000 37.6
Using a calculator, the line of best fit is obtained. Equation:
y = 1.31x - 2581.6
where y is attendance (in millions) and <em>x</em> is the year. Replacing with x = 2005 into the equation, we get:
y = 1.31(2005) - 2581.6
y = 44.95 millions or 44,950,000
