I think the explanation of this manner is that the concession items have a high-profit margin. It has more sales than the theater tickets. So to avoid the possible losses of income, the theater decides to make the prices of each item of concession stand must be the same to a different group of people.
Answer: HI there I think that I can help you!!!
6.14%
Explanation: Here is how I did it :)
The offered investment has a nominal rate (N) of 6% compounded quarterly (n=4 times a year). The effective rate of return (R) is obtained by:
The effective rate of return that you will earn from this investment is 6.14%.
*Note that the amount invested is not relevant when determining the effective rate of return, which means that the rate would be the same for any amount.
Answer:
$15
Explanation:
The formula for calumniating compound interest is as below
A= P x ( 1 + r) ^1
For this case
A= Amount after one year
P = principal: $500
r= Interest rate 3% or 0.03
n = time in years: 1
A= $500 x ( 1 + 0.03) ^ 1
A = $500 x(1.03)
A= $500 x 1.03
A =$515
The interest missed is the future value - amount collected after one year.
=$515- $500
=$15
