What do you mean by "relative growth rate?"
You need to specify whether this situation involves compounding, and, if it does, whether it's continuous compounding, monthly, annual or what.
Just supposing that it's semi-annual compounding:
A = $35000 (1 + 0.051/2)^(5*2)
= $35000(1.0255)^10 = $35000 (1.2863) = $45021.99 (answer)
Answer: 3%
Step-by-step explanation:
S.I = ptr / 100
Interest = 4515 - 4500
Interest = 15
time = 4 months = 4/12 years = 1/3 years
substituting each value into the equation to find rate , we have
15 = 4500 x 1/3 x r / 100
1500 = 4500 x 1/3 x r
3(4500) = 4500r
r = 3(4500) / 4500
r = 3%
Margaret drove 30 miles one way and 30 miles back, totaling 60 miles.
Given that Margaret drove to a business appointment at 30 mph, and her average speed on the return trip was 20 mph, and the return trip took 1/2 hr longer because of heavy traffic, to determine how far did she travel to the appointment the following calculation must be performed:
- 30 - 20 = 10
- 10 = 0.5 hours = 30 minutes
- 30 = 1
- 20 = 0.666
- 1 = 1
- 1.333 = 1.5
- 1 = 30 x 2 = 60
Therefore, Margaret drove 30 miles one way and 30 miles back, totaling 60 miles.
Learn more in brainly.com/question/24268730