Answer:
$90
Explanation:
Hollister has an offer of 10% savings for every purchase.
Jason buys clothes for $100. His savings will be 10% of $100
=10/100 x100
=0.1 x 100
=$10
Jason will pay
=$100 - $10
=$90
Jason will pay $90
Answer:
d) He earned a lower interest rate than he expected
Explanation:
Data provided in the question
Invested amount ten years ago = $1,000
Expected amount = $1,800
Today amount = $1,680
Based on the above information,
Since the bond is based on the floating rate not the fixed rate that results in the value of the investment to $1,800
And, the today amount is $1,680 i.e. less than the expected amount so the internet rate should be less as compared with the expected rate
hence, correct option is d.
Answer:
C. Relevant range of production
Explanation:
Answer:
D. 25.80 percent
Explanation:
The formula to compute the effective annual rate of the loan is shown below:
= (1 + annual interest rate ÷ periods)^ number of period - 1
= (1 + 23% ÷ 52)^52 - 1
= (1 + 00442)^52 - 1
= 1.00442^52 - 1
= 1.2579618615 - 1
= 25.80%
There are 52 weeks in a year and we considered the same in the above calculation
Answer:
her expected gain is $45,000.
Explanation:
If she wins
She will make = $400,000
Probability of winning = 0.3
Expected income = $400,000 x 0.3 = $120,000
Cost on the cash = $75,000
Expected gain = Expected income - Cost = $120,000 - $75,000 = $45,000
If she loses the case she has to bear the cost incurred to prepare the case. So, the probability on the cost side is 1 but probability on the income side is 0.3 so we calculated the 0.3 probable income which is $120,000 after deducting the cost the lawyer will have expected gain of $45,000 only.
