Answer: 18.92%
Explanation:
The formula to find the compound amount :-
, where P is the Principal amount, r is the rate of interest and t is the time period.
Given : P= $1500
A = $6000
Time = 8 years
Then ![6000=1500(1+r)^8](https://tex.z-dn.net/?f=6000%3D1500%281%2Br%29%5E8)
i.e. ![(1+r)^8=\dfrac{6000}{1500}=4](https://tex.z-dn.net/?f=%281%2Br%29%5E8%3D%5Cdfrac%7B6000%7D%7B1500%7D%3D4)
i
Taking natural log on both sides , we get
![\Rightarrow\ 8\ln(1+r)=\ln(4)\\\\\Rightarrow\ \log(1+r)=\dfrac{\log4}{8}=\dfrac{1.38629436112}{8}=0.17328679514\\\\\Rightrarrow\ 1+r=e^{0.17328679514}\\\\\Rightarrow\ 1+r=1.189207115\\\\\Rightarrow\ r=1.189207115-1=0.189207115\\\\\Rightarrow\ r\approx0.1892\approx18.92\%](https://tex.z-dn.net/?f=%5CRightarrow%5C%208%5Cln%281%2Br%29%3D%5Cln%284%29%5C%5C%5C%5C%5CRightarrow%5C%20%5Clog%281%2Br%29%3D%5Cdfrac%7B%5Clog4%7D%7B8%7D%3D%5Cdfrac%7B1.38629436112%7D%7B8%7D%3D0.17328679514%5C%5C%5C%5C%5CRightrarrow%5C%201%2Br%3De%5E%7B0.17328679514%7D%5C%5C%5C%5C%5CRightarrow%5C%201%2Br%3D1.189207115%5C%5C%5C%5C%5CRightarrow%5C%20r%3D1.189207115-1%3D0.189207115%5C%5C%5C%5C%5CRightarrow%5C%20r%5Capprox0.1892%5Capprox18.92%5C%25)
If I'm correct-- by outdoor advertising do you mean commercials and ads encouraging people to go outside?
Answer:
1 hour working on problems, 3 hours reading
Explanation:
the question is not complete:
Bob is a hard-working college freshman. One Tuesday, he decides to work nonstop until he has answered 200 practice problems for his chemistry course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem.
Time Total Problems Answered Marginal gain
8:00 AM 0
9:00 AM 80 80
10:00 AM 140 60
11:00 AM 180 40
Noon 200 20
Since Bob's is able to answer more than 70 questions per hours only during one hour (from 8 to 9 AM), he can benefit more from reading the next 3 hours. Reading would be equivalent to answering 210 questions, while Bob was only able to answer 120 more questions in the following 3 hours.
In this scenario, Daniel is <span>satisficing.
</span>According to its definition, to satisfice means '<span>decide on and pursue a course of action that will satisfy the minimum requirements necessary to achieve a particular goal.' So, Daniel is weighing his options and looking for the means which will provide him with the best results possible when it comes to his small shoe manufacturing company.</span>
Answer:
False
Explanation:
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.
These documents play a pivotal role in a financial institution, thus, not optional.
Cheers