Jenny buys 222222 sports drinks for her soccer team. They are on sale for \$0.35$0.35dollar sign, 0, point, 35 off per drink. Je
1 answer:
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Answer:
About 20.8
Step-by-step explanation:
form a triangle using each line
The correct option is B, II. only.
Given to us,
I. In the effective rate formula, n is equal to one.
Effective interest rate formula,
where,
r is the effective interest rate,
i is the stated interest rate,
n is the number of compounding periods per year.
According to the question the compounding periods per year is not given to us. Also, loans are taken for a longer period of time.
Thus, we can conclude that statement is false.
II. The nominal rate is 7. 918%.
nominal rate = real interest rate + inflation rate,
but as it is not mentioned in the question about the inflation rate. the statement is true to us. Assuming the inflation rate is 0%.
Thus, we can conclude that statement is true.
III. The Federal Funds Rate is static.
This statement is false, as the no information is given about this statement also this can not be concluded through assumption.
Thus, we can conclude that statement is false.
Hence, The correct option is B, II. only.
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Answer:
Approximately 62 gallons of water will be used by Lee County by the year 2025.
Step-by-step explanation:
The amount, in millions gallons of water, spent by Lee County, in t years after 2019, is given by the following equation:
In which P(0) is the amount spent on 2019 and r is the increse rate, as a decimal.
In the year 2019, Lee County used approximately 55 million gallons of water.
This means that
Historical trends show that each year the water demand is increasing by a rate of approximately 2.1%.
This means that
So
Approximately how many million gallons of water will be used by Lee County by the year 2025?
2025 is 2025 - 2019 = 6 years after 2019. So this is P(6).
Rounded to the nearest millions
Approximately 62 gallons of water will be used by Lee County by the year 2025.