The second step in the problem solving process is to clarify the issues of a problem.
Answer: The second step.
Answer:
a. 5.18%;
b. 10.12%;
c. 6.32%;
d. 9.22%.
Explanation:
We apply the formula of Annual rate of return to calculate for the four cases.
The formula for calculating annual rate of return as below:
Annual rate of return = ![\sqrt[year]{Ending value/Beginning value}](https://tex.z-dn.net/?f=%5Csqrt%5Byear%5D%7BEnding%20value%2FBeginning%20value%7D)
-1 ;
So, for each of the case given, by applying the formula, the detailed calculations for each case will be:
+ For case a :
![\sqrt[12]{769.5/420} -1](https://tex.z-dn.net/?f=%5Csqrt%5B12%5D%7B769.5%2F420%7D%20-1)
= 5.18%;
+ For case b:
![\sqrt[14]{11,567.45/3,000} -1](https://tex.z-dn.net/?f=%5Csqrt%5B14%5D%7B11%2C567.45%2F3%2C000%7D%20-1)
= 10.12%;
+ For case c:
![\sqrt[20]{110,000/32,303.47} -1](https://tex.z-dn.net/?f=%5Csqrt%5B20%5D%7B110%2C000%2F32%2C303.47%7D%20-1)
= 6.32%;
+ For case d:
![\sqrt[40]{1,100,000/32,275.63} -1](https://tex.z-dn.net/?f=%5Csqrt%5B40%5D%7B1%2C100%2C000%2F32%2C275.63%7D%20-1)
= 9.22%.
Answer:
A. Businesses are able to sell products to customers around the world.
Explanation:
Answer:
1. a decrease in the price of natural gas
Explanation:
Given that homeowners choose to heat their houses with either natural gas or heating oil. It means that natural gas and heating oil are substitute products.
If there will be an increase in the demand for natural gas, there will invariably be a decrease in demand for heating oil.
From the options given, a decrease in the price of natural gas will result in and increase in it's demand.
