Answer:
Interest earned= $200
Step-by-step explanation:
Giving the following information:
Initial investment= $20,000
Interest rate= 3%
Inflation rate= 2%
First, we need to calculate the real interest rate. <u>The inflation rate decreases the value of money through time. We need to deduct from the interest rate, the inflation rate.</u>
Real interest rate= 0.03 - 0.02= 0.01
<u>Now, we can calculate the interest earned in year 1:</u>
Interest earned= PV*(1+i)^n - PV
Interest earned= 20,000*(1.01^1) - 20,000
Interest earned= $200
Answer:
39270 ways
Step-by-step explanation:
35 P 3 = 39270
D as you can see on the number line d is 1/3 of the way to -2
Answer:
A) yellow = 4.5
B) pink = 8
C) orange =9
Step-by-step explanation:
A) yellow = 12-2-1-4.5=4.5
B) pink = 7 whole plus 2 half equals 8
C) orange = 16-1-1.5-1.5-3=9
Answer:
Correct option: (A) 43.48% fall in the price of a ticket.
Step-by-step explanation:
The price elasticity of demand is defined as the percent change in quantity demanded to the percent change in the price.

Given:
Price elasticity of demand = 0.23
% change in quantity demanded = 10
Compute the % change in price as follows:

Thus, a 10 percent increase in attendance can be explained by a 43.48% fall in the price of a ticket.