A group of customers is drinking alcohol in your business and one of them has been identified as the designated driver. As a ser
2 answers:
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Answer:
Growth rate will be 6.94 %
So option (c) will be the correct answer
Explanation:
We have given principal amount in 2002 is $1.15
So P = $1.15
And after seven year in 2009 amount become $1.84
We have to find the rate of interest
Time period n = 7 years
We know that future amount is given by
r = 6.94 %
So option (C) will be the correct option
The equation for problem above is:
350.25+12/100*x=800.5
12/100*x=800.5-350.25
12/100*x=450.25
12x=45025
x=45025/12=3752.08
But the question is "at <span>least" $800.50 so the final answer is
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</span>
350.25+12/100*x=800.5
12/100*x=800.5-350.25
12/100*x=450.25
12x=45025
x=45025/12=3752.08
But the question is "at <span>least" $800.50 so the final answer is
</span>
</span>