The rigth equation to anticipate the profit after t years is p(t) = 10,000 (1.075)^t
So, given that both store A and store B follow the same equations but t is different for them, you can right:
Store A: pA (t) 10,000 (1.075)^t
Store B: pB(t'): 10,000 (1.075)^t'
=> pA(t) / pB(t') = 1.075^t / 1.075^t'
=> pA(t) / pB(t') = 1.075 ^ (t - t')
And t - t' = 0.5 years
=> pA(t) / pB(t') = 1.075 ^ (0.5) = 1.0368
or pB(t') / pA(t) = 1.075^(-0.5) = 0.964
=> pB(t') ≈ 0.96 * pA(t)
Which means that the profit of the store B is about 96% the profit of store A at any time after both stores have opened.
Answer:a
Step-by-step explanation:
Answer: D, $116
Step-by-step explanation:
A = 100(1 + 0.03)^5
A = 100(1.03)^5
A = 100(1.1593)
A = 115.92
Hope this helped!
Answer:
The answer is 7
Step-by-step explanation:
5x7=35
Answer:
- 2730.54
- 18.8%
- 62.5% (decrease)
Step-by-step explanation:
The applicable formula is ...
rate = portion/base
so ...
base = portion/rate
Of course, a percentage is a fraction that has been multiplied by 100%.
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1. base = portion/rate = 456/0.167 ≈ 2730.54
The base is about 2730.54.
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2. rate = portion/base = 50/266 ≈ 0.18797 ≈ 18.8%
The rate is about 18.8%.
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3. The decrease can be figured from ...
rate of change = (new amount)/(original) -1 = 33/88 -1
= -5/8 = -0.625 = -62.5%
The rate of decrease is 62.5%.
