Answer:
4
8 divided by 173 round the answers to 3 decimals
1 answer:
You might be interested in
Answer:
- <u>The rate of return is 8.15%</u>
- <u>This is a good investment</u>
<u></u>
Explanation:
For the first question, you need to find the rate that makes the present value of a stream of ten constant annual payments of $15,000 equal to the $100,000 investment.
The formula that returns the present value of a constant payment is called the annuity formula and is:
In your problem you know:
- Present value: $100,000
- payment: $15,000
- r: ?
- t: 10
You cannot solve for r directly. You must guess a value and calculate the right side of the equation until to you find the rate that makes it equal to 100,000.
Try 5%:
Then, the rate of return is greater than 5%. After several trials you will find that the rate of return is 8.15%.
Since this rate is higher than 8%, which is what the company requires, this is a good investment.
Given:
Total students = 60
Student passed = 85%
To find:
The number of students who failed and then convert it in %.
Solution:
We have,
Number of passed student = 85% of Total students
=
=
So, number of passes students is 51.
Number of students who failed = Total students - Passes students
=
=
So, number of students who failed is 9.
Therefore, 15% students fail in the test.