Answer:
The right choice is Esther's
Step-by-step explanation:
Present worth of GH¢ after 3 years is better as its present really worth may be very high than GH¢ a thousand of today. Here fee of interest is not given to compare however GH¢ 3000 after three years will be equivalent to present well worth GH¢ 1000 if charge of interest >44.5% which may be very very excessive. Thus charge of interest > 44.5% Then GH¢ 3000 payable after 3 years could be equivalent to GH¢ 1000 Hence vide has made the proper preference. If interest price >44.5%.
Then Esther's preference will he right. (thinking about time value of money).
Answer:
Step-by-step explanation:
I don't think it really does grow by a constant rate. As he puts money in, the amount he puts in becomes less significant to the total.
Suppose he starts at 100 dollars.
After week one, he puts in 100 + 15 = 115 dollars.
The 15 dollars represents an increase of 15/100
After the second week, he puts in another 15 dollars. He has 115 in there already.
(15/115) * 100% = 13.04%
After the third week, he puts in another 15 dollars. (15/130 ) * 100% = 11.53
And so one
Answer:
19
Step-by-step explanation:
If you want to find the answer of the equation, sub the given information into it:
z + xz + y
we know that:
x = 5
y = 1
z = 3
We got:
= 3 + 5*3 + 1
= 3 + 15 + 1
= 19
Hope this helped :3
Answer:
The answer is b
Step-by-step explanation:
Answer:
it would be b
Step-by-step explanation:
