Answer: 67/9 or 7 4/9
Step-by-step explanation:
Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
1 (B), because 3+-2=1, and 5+-4=1, which amounts to 1/1, or whole number 1.
Answer:
the markup percentage is 66.67%
Step-by-step explanation:
The computation of the percent of markup based on cost is shown below:
= (Selling price - paid price) ÷ (paid price)
= ($15 - $9) ÷ ($9)
= 66.67%
By taking the difference of the selling price & paid price and then divided it by paid price we can get the percentage of markup
Hence, the markup percentage is 66.67%
