If you want to know the number that is equivalent to 0.05, you can calculate this using the following two steps:
0.05 equals to 5/100 <span>which simplifies to </span>1/20.
<span>
The result is 1/20.
</span>
Answer: Choice A) An economic theory that is shared by the discipline of Psychology
Through the research I've found so far, the articles mention that economic choices have a psychological link. This is because economics is basically the study of human psychology (more or less) in terms of how to allocate resources and how best to use them. The law of diminishing marginal utility is basically the idea where the concept "more is always better" is simply not true. An example would be that you are at a restaurant and there's an endless buffet. The food isn't infinite and neither is the capacity of your stomach. After a certain point, you'll find that eating another burger isn't as satisfying as eating the first few burgers. You can think of it as a graph where the curve may start with a sharp increase, but eventually it levels off.
Side note: The term "affective habituation" may be used in psychology textbooks as something very similar to the law of diminishing marginal utility.
Total investment = $10,500
Let x = amount of first investment, and y the amount of the second investment.
First investment:
Interest rate = 9 (1/5)% = 0.092
Earned interest = 0.092x
Second investment:
Interest rate = 9% = 0.09
Earned interest = 0.09y
Total interest after one year is $957.00, therefore
0.092x + 0.09y = 957
or
1.0222x + y = 10633.33 (1)
Also,
x + y = 10500 (2)
Subtract (2) from (1).
0.0222x = 133.33
x = 6000
y = 10500 - x = 4500
Answer:
The first investment is $6,000 at 9 (1/5)% rate;
The second investment is $4,500 at 9% rate.
Answer:
Step-by-step explanation:
The correct question is
Zena needs a salesperson. Salesperson A is offering his services for an initial $50 in addition to $5 per hour. salesperson B is offering her services for an initial $40 in addition to $7 per hour. When will the two coaches charge the same amount of money?
Let
x ----> the number of hours
y ----> the total charge
we know that
Salesperson A
------> equation A
Salesperson B
------> equation B
To find out when the two coaches charge the same amount of money, equate equation A and equation B and solve for x
7x+40=5x+50
7x-5x=50-40
2x=10
<h2>x=5 hours i think just im not sure but i tried</h2>
