Answer:
B. $3 per hour
Explanation:
Given that
Cost of air travel = $300
Time of air travel = 6 hours
Cost of bus travel = $150
Time of bus travel = 56 hours
Therefore, the extra amount paid to travel by air is
Cost of air travel - cost of bus travel
= 300 - 150
= $150.
Also, the extra time saved from air travel is
Time of bus travel - time of air travel
Given as
56 - 6
= 50 hours
Thus,
The minimum value of one's time = (extra Cost paid) ÷ (Time saved)
= $150 ÷ 50 hours
= $3 per hour
Answer:
$106.17
Explanation:
Data provided in the question:
Amount received i.e the Principle amount = $100
Time for which money is kept in savings account, n = 12 months
Interest paid per month by the bank , r = 0.5% monthly
Now,
Future value = principle × ( 1 + r )ⁿ
or
Future value = $100 × ( 1 + 0.005 )¹²
or
Future value = $106.17
Answer:
The correct answer is that the existing product is altered or modified as per the texture, sound, taste and appearance.
Explanation:
Product Modification is the term which is defined as the attempt of the company to extend the length of the product life cycle through making large or small changes to the product in order to keep the customers interested in the product.
In short, it is the procedure to change the existing product as per the needs, taste of the customer. For example, change in the packaging of the product.
So, in the procedure of product modification, the existing product is altered or modified as per the texture, sound, taste and appearance.
Answer:
online credit is less expensive than bank credit
Explanation:
Online lenders are likely to charge lower rates than banks due to the differences in operating expenses. Online lenders do not incur the cost of operating from a physical building, such as rent and maintenance. They do not have high employee cost as compared to banks. Due to these reasons, online lenders charge lower fees and lower interest rates.
Sometimes online loans appear expensive, but it's because they are unsecured loans. A close comparison between different types of loans will show online lenders offer cheaper loans.