Explanation:
i=interest rate
X=current rate
2X = double current rate
n = number of years
Calculate time it takes to double at 3%:
2X = X(1+i)^n
simplify by cancelling out X
(1+i)^n = 2
substitute i = 3%
(1.03)^n =2
take log
n*log(1.03) = log(2)
n = log(2)/log(1.03) = 0.6931/0.02956 = 23.45 years
Similarly, for growth rate of 7%,
n = log(2)/log(1.07) = 0.6931 / 0.06766 = 10.24 years
So the difference is 23.45-10.24 = 13.21 years (to the hundredth) sooner
Answer:
$19,350
Explanation:
The finance charge is 3%. If the 5% retention is a non-refundable security, then the total loss would be 8% (3%+5%).
The nature of the retention is not given, so it is considered that it is refundable, then the total loss would be $19,350 ($645,000*3%).
Thus, the total loss to be reported is $19,350
<u>Answer: </u>Tell and Listen method of appraisal is used in the above mentioned scenario.
<u>Explanation:</u>
In tell and listen method of appraisal the evaluation of the employees is communicated to them at first. The superior in hierarchy does the appraisal where the superior gives the feedback on the performance at first which includes the strengths and weakness.
Then the employee is allowed to respond to the evaluation. The employee can express his feelings after receiving the evaluation whether he is happy or not. The employees have right to vent their feelings even its frustration.
Complete/Correct Question:
Participation in sport keeps kids off the street and out of trouble. This is central to which explanation of the relationship between organized sport and delinquency?
a. labeling
b. economic strains
c. undifferentiated arousal
d. social bonding
e. differential association
Answer:
E, Differential association
Explanation:
Differential Association is a criminology term invented by Edwin Sutherland that shows how interaction between these people influence people to learn attitudes, values. characters, techniques as well as criminal behavior from each other.
To this effect, participation in sports brings youths together and as such changes their thoughts and are influenced to have discipline, ethics, etc which is an important aspect of sportsmanship. This influences helps to keep youths off the street and out of trouble subsequently.
Cheers.
