Answer:
It will take 3 years to have enough money to purchase the car.
Explanation:
We can use either Compounding or Discounting Formula to determine the time it will take to make $19,970 from $15,000 when the investment rate is 10%. Lets go with the Compounding Formula:
Future Value = Present Value * (1 + i) ^ n
<u>Re-arrange equation for "n" which is the Time Period:</u>
⇒ FV / PV = (1 + i) ^ n
Taking log on both sides;
⇒ log (FV / PV) = log (1 + i) ^ n
OR log (FV / PV) = n log (1 + i)
OR n = log (FV / PV) / log (1 + i)
Simply put values now;
⇒ n = log (19,970 / 15,000) / log (1 + 10%) = log (1.33) / log (1.1) = .12 / .04
OR n = 3
The Moon has phases because it orbits Earth, which causes the portion we see illuminated to change.
Answer:
The correct answer is D
Explanation:
Competition is the term which is described as the rivalry among companies selling the similar products and the services in order to achieve or accomplish the market share growth, revenue and profit.
The competition among the business is a contest or the rivalry among the firms or organization to win the revenue. It is the fundamental force, that benefits or advantage the customers as the firms are under the pressure in order to improve the products and also provide or offer the attractive prices.
The form of capital that will be obtained at Transnet is acceleration capital in which funds with existing wealth that want to expand their cash position are given investment.
<h3>What is capital?</h3>
Capital is referred to as the lifeblood of any business. It is the collection of assets of the business that has their financial value to make the production of goods and services.
Transnet SOC Ltd, a Johannesburg-based rail, port, and pipeline business, is at the beginning of changing its Market Growth Strategy, which is characterized by greater infrastructure investment.
Learn more about Transnet, here:
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