Use the compound interest formula, the formula A equals P times 1 plus r over n to the n times t power . If $10,000 is invested
1 answer:
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Answer:
10.5 %
<u>Skills needed: Financial Math Essentials</u>
Step-by-step explanation:
1) First, before getting started, let's assume the price of the product is . This variable will be used a lot throughout the problem (
).
2) Marking a price above means increasing the price in order to make money off of the purchased product. When raising something by percent, the new price would be
.
---> In this case, the price increased by percent.
This means that it would be:
New price is:
3) The shopkeeper is then offering a percent discount off of this marked price. When offering a
percent discount price, the new price (with discount), expressed algebraically is:
---> the expression above simplifies to
In this case, ,
--->
This means that , with discount, has been raised
.
10.5 % is the profit percent
(The profit percent being the final marked up price - purchased price)
<h2>Answer:</h2>
D. Distance formula
<h2>Step-by-step explanation:</h2>As in the statement:
<em>The distance form</em> to
is
<em>whose justification is the </em><em>Distance Formula. </em>
<em />
Here in this statement the justification is also the Distance Fromula, so we take the distance from whose result is also 2 and is the radius of the circle.