PLEASE HELP THIS IS A WEEK OVERDUE AND I NEED HELP!!!
1 answer:
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Answer:
The rate of return is 8%.
Step-by-step explanation:
The time span from 1794 to 2018 is (2018 - 1794) = 224 years.
Now, a penny i.e. 0.01 pounds of money as a principal gets the final sum of 345000 pounds after 224 years.
Here we have to calculate the rate of return if the interest is compounded yearly.
Using the formula of compound interest of r% APR, we get
⇒ 1 + 0.01r = 1.08
⇒ 0.01r = 0.08
⇒ r = 8% (Answer)
Answer:
The correct option is B.
Step-by-step explanation:
It is given that there is a strong, negative, linear relationship between x and y. where, x is the number of consecutive hours a worker has been assembling chainsaws and y is the number of chainsaws he can produce in an hour.
He finds that 70%of the variation in chainsaws produced per hour can be explained by the regression of y on x.
The slope is -0.7, therefore option B is correct.