Answer:
Step-by-step explanation:
0.9
The markup is the percent of the original price that it is increased by. To determine the percentage marked up, you will subtract the new price and the original price, and then divide that by the original price.
200-125=$75
75/200=0.375 or 37.5% markup.
Answer:
maybe the answers are: no, yes, yes.
Step-by-step explanation:
not too sure but I hope this helps and is right :)
i am incredibly sorry if my answers are wrong!
About 12,000 I’m not sure but I searched it up and it says that
Answer:
The growth rate he needs to achieve his goal is approximatelly 19.8%
Step-by-step explanation:
Since the sum will be compounded continuously we have to use the appropriate formula given below:
M = C*e^(r*t)
Where "M" is the final amount, C is the initial amount, r is the interest rate and t is the time elapsed. Since Sung Lee will invest that sum at 18 years old and he wants to recieve the return at 25, then the time elapsed is given by 25 -18 = 7 years. We can now apply the data to the formula:
16000 = 4000*e^(r*7)
4000*e^(7*r) = 16000
e^(7*r) = 16000/4000 = 4
ln[e^(7*r)] = ln(4)
7*r = ln(4)
r = ln(4)/7 = 0.198
The rate of interest is given by (r)*100%, so we have (0.198)*100% = 19.8%.
