Answer:
Option D
Step-by-step explanation:
The compounded interes formula states that:
V(t) = P (1 + r/n)^ (nt)
t = years since initial deposit = 3
n = number of times compounded per year 1
r = annual interest rate (as a decimal) = 4% / 100 = 0.04
P = initial (principal) investment = $500
Then V(t) = $500 ( 1 + 0.04/1)^3 = 562,43
So the correct answer is option D.
Answer:
Step-by-step explanation:
The missing parameters are:
--- Cost of marble countertops
--- Cost of retail markup
Required
The cost of marked up price
This implies that we calculate m(c(a))
We have:
can be written as:
Substitute:
Hence, the cost of marked up price is:
1999 Team won - 15
2000 Team won - 18
2001 Team won - 20
