1/12 divided by 4 =
2 answers:
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Answer:
The unit price of 5-lb bag is less than the unit price of 8lb bag.
Step-by-step explanation:
Consider the provided information.
We need to calculate the unite price,
It is given that A 5-lb bag of apples costs 4.50
Calculate the unit price as shown:
We need the cost of 1 l b .
So, the cost of 1lb of apple is $0.90.
8-lb bag of the same type of apple costs 7.52.
Calculate the unit price as shown:
We need the cost of 1 l b .
So, the cost of 1lb of apple is $0.94.
Therefore, the unit price of 5-lb bag is less than the unit price of 8lb bag.
Answer:
$17,277.07
Step-by-step explanation:
Present value of annuity is the present worth of cash flow that is to be received in the future, if future value is known, rate of interest is r and time is n then PV of annuity is
PV of annuity =
=
=
=
=
=
= 17,277.071448 ≈ $17,277.07
Answer:
$705.79
Step-by-step explanation:
(see attached for reference)
the formula for compound interest is
A = P [1 + (r/n) ]^(nt)
Where:
P = Principal Amount = $500
r = annual interest rate = 9% = 0.09
t = 4 years
n = 1 (compounded annually)
A = 500 [1 + (0.09/1) ]^(1 x 4)
A = 500 [1 + 0.09 ]^(4)
A = 500 [1.09 ]^(4)
A = $705.79
