1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
77julia77 [94]
4 years ago
10

The 1997 a value of an object was $5000. In 2012 , it was worth $9500. The annual percent growth has been constant. What is the

annual percent growth?
A) 1.37%
B) 2.37%
C) 3.37%
D) 4.37%
Business
2 answers:
Mamont248 [21]4 years ago
4 0
Given:
1997 - 5,000
2012 - 9,500

9,500 - 5,000 = 4,500
2012 - 1997 = 15 years

(9,500/5,000)^1/15  - 1
1.9^1/15 - 1
1.043718 - 1 = 0.043718
0.043718 * 100% = 4.3718%  

The answer is D.) 4.37%
frez [133]4 years ago
3 0

Answer:

D. 4.37 %

Explanation:

Around 1997 the value of the object was  $5000 . it later worth $9500 in the year 2012. The period in time from 1997 to 2012 is roughly 15 years. The amount increased by 9500 - 5000 = $4500.

The annual percentage growth is constant . That means the percentage growth for each year is constant. The annual percentage growth can be computed as follows:

f = final value

i = initial value

years difference = y

((f / i)∧ 1/y - 1) × 100

f = 9500

i = 5000

(9500/5000)∧ 1/15 - 1

(1.9)∧1/15 - 1

(1.9)∧ 0.06666667 - 1

1.0437189836  - 1 =  0.0437189836

convert to percentage

0.0437189836  × 100 = 4.3718983645

Annual percentage growth = 4.37 %

You might be interested in
Once a business has sold a service, it no longer needs to be concerned with customer satisfaction. True False
kobusy [5.1K]

Answer:

False

Explanation:

' Once a business has sold a service, it no longer needs to be concerned with customer satisfaction' is a False statement.

Customers are the pillars on which every business stands & their satisfaction should be a supreme priority for a business.

There is need of 'After Sale Services' after selling a service. This is important to ensure customer's expectations from the product are met, & they are satisfied with the business' services.

After sale services make customers feel valued. This generates customer retention, customers' loyalty towards business. Such customers are also likely to do word marketing & build a business' reputation in front of other customers.

4 0
3 years ago
The best way to address a borrower's questions that the notary signing agent is not allowed to answer, is to
Andre45 [30]
The best way to handle that is to <span>Make a list of all of the questions that the borrower has at the end of the signing then have them contact the borrower for answers.
Doing this will make them able to prepare the answers beforehand and distinguish between which information they are allowed to give and which one to held.</span>
5 0
4 years ago
Read 2 more answers
A company purchased inventory for $ 72,000 from a vendor on​ account, FOB shipping​ point, with terms of 33​/10, ​n/30. The comp
Cerrena [4.2K]

Answer:

$71,340

Explanation:

The computation of the cost of inventory is shown below:

= Purchase value of inventory - discount charges + freight charges

where,

Purchase value of an inventory = $72,000

Discount charges = $72,000 × 3% = $2,160

Freight charges = $1,500

So, the cost of inventory is

= $72,000 - $2,160 + $1,500

= $71,340

The discount terms is 3% if payment is made within 10 days and total time of payment is 30 days instead of 33%

4 0
3 years ago
During 2017, cotte manufacturing expected job no. 59 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. co
Tanzania [10]

$85,000 under applied.

Calculate the total <u>expected </u>overhead ($300,000+$500,000+$200,000)= $1,000,000

Then calculate the actual overhead ($295,000+$570,000+$220,000)=

$1,085,000

Next, find the difference 1085000-1000000 = $85,000

So, the company under applied overhead by $85,000.

5 0
4 years ago
State the purpose of footing the total column in the​ client's accounts receivable trial​ balance, tracing individual customer n
Pani-rosa [81]
No se y ni me importa
7 0
3 years ago
Other questions:
  • 33. An employer reports a pension loss in Other comprehensive income when: A. a change in an assumption causes the projected ben
    9·1 answer
  • Which of the following best describes an economic system?
    13·2 answers
  • The goal to identify whether some tasks are consistently performed poorly and/or whether there are deficient ksaos across the wo
    5·1 answer
  • A used-car dealer has a vehicle on the lot with a sticker price of $5999. if the dealer markup on used vehicles is 20%, how much
    7·2 answers
  • If the amount of a bond premium on an issued 11%, four-year, $100,000 bond is $12,928, the annual interest expense is $5,500.
    10·1 answer
  • Ronald is actively using social media to gather buying information. He prefers social media because of its ability to create per
    8·1 answer
  • Cuales son sus elementos de ciencia
    13·1 answer
  • Platinum is a relatively rare metal vital to a wide variety of industries. Xagor Corporation, a major producer of platinum, has
    6·1 answer
  • Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar
    14·1 answer
  • When we put a price tag on goods and services, we are using money as a Group of answer choices store of value. barter token. mea
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!