Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
Part 1)
substitute in the formula above
Part 2)
substitute in the formula above
The answer is B, you’re welcome
No I guess sorry if you get it wrong
Answer: 13%
Step-by-step explanation:
Given : A piece of luggage sells for $225.00 it is on sale this week for $195.00 .
Decrease in price = $225.00-$195.00= $30.00
Formula to find the percent decrease :-
![\dfrac{\text{Decrease in price}}{\text{Previous price}}\times100\\\\=\dfrac{30}{225}\times100=13.3333333333\approx13\%\ \ [\text{Rounded to the nearest whole percent.}]](https://tex.z-dn.net/?f=%5Cdfrac%7B%5Ctext%7BDecrease%20in%20price%7D%7D%7B%5Ctext%7BPrevious%20price%7D%7D%5Ctimes100%5C%5C%5C%5C%3D%5Cdfrac%7B30%7D%7B225%7D%5Ctimes100%3D13.3333333333%5Capprox13%5C%25%5C%20%5C%20%5B%5Ctext%7BRounded%20to%20the%20nearest%20whole%20percent.%7D%5D)
Hence, the percent decrease = 13%