5,000x10%= 500
Annual Interest Rate is 10%
Answer:
1/4
Step-by-step explanation:
1/2 × 2/3
= 1×3 = 1
2×2 = 4
Therefore,
1/2 × 2/3 = 1/4//
I think this is how it’s done.
Answer:
0.57 or 0.56
Step-by-step explanation:
passenger fares + tax revenue = operating costs
Thus:
passenger fares = operating costs - tax revenue
= $69 million - $30 million
= $39 million
The ratio of passenger fares to total operating costs is:
$39 million
= 0.5652.
$69 million
To the nearest hundredth, the farebox recovery ratio is 0.57.