Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
I don’t see the problems you want me to solve. Sorry
Answer: the statement made by Tim Cook is TRUE
Step-by-step explanation:
Given that;
in 2007 cost of 1st gen iphone = $499 (base year price)
cost of iphone today = $999 (current year price)
Using the Consumer Price Index
the Consumer Price Index = (cost pf product in current years/cost of product base year) × 100
we substitute
CPI = (999/499) × 100
CPI = 200.2004
so the CPI is 100.2004% higher in the current year than in the base year
Checking the inflation rate
IR = (( CPI this year- CPI last year)/CPI last year) × 100
CPI last year (base year) = 100
CPI current year is = 100.2004
so
IR = (( 100.2004 - 100)/100) × 100
IR = 0.002004 × 100
IR = 0.2004%
THEREFORE the statement made by Tim Cook is TRUE
Answer:
x-5=-3
Step-by-step explanation:
|x-5|+2=5
|x-5|=5-2
|x-5|=3
x-5=±3
so x-5=-3 is a correct step.
That equals 27 hope this helps
