Answer : The correct option is, (d) $3166
Step-by-step explanation :
Given:
Principle = $2136
Rate = 5.36 %
Time = 9 years
First we have to determine the simple interest.
Formula used :
where,
P = principle
R = interest rate
T = time
S.I = simple interest
Now put all the given values in the above formula, we get:
Now we have to calculate the total amount nicole have after nine years.
Amount = Principle + Simple interest
Amount = $2136 + $1030.4
Amount = $3166.4
Amount ≈ $3166
Thus, the total amount nicole have after nine years is, $3166
Answer:
Option (C) is correct.
Explanation:
Total expenses:
= mortgage interest + property tax + utilities and maintenance + Depreciation expense
= $5,000 + $600 + $900 + $3,500
= $10,000
Proportionate rental expenses = Total expenses ×
Proportionate rental expenses = 10,000 ×
= $7,200
Rental Loss = Rental Income - Proportionate rental expenses
= $4,000 - $7,200
= -($3,200)
Explanation:
It is given that in the market there are four equal-sized firms that produce similar products. The market is saturated such that 10% industry-wide price rise would lead to 18% decline in units sold by all firms in the industry. Going further, there is a proposed legislation that imposes a tariff on a key input used by the industry, which on realization would result in the increase in marginal cost by $2.
This means that the market elasticity of demand is:
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