You can calculate it by divided but most of the people get confused about is it gonna be 12/1.46 or 1.46/12. The correct is 1.46/12 because take the money divided all 12 to get a unit price if you take 12/1.46 which mean divided all ounce can to money and that makes nonsense.
So 1.46/12 = $0.12 for each ounce can
Hope this help!
Answer:
should be -29.29 %
Step-by-step explanation:
That's definitely an example of exponential decay, since the base (1/2) (also called the "common ratio") is greater than 0 but less than 1.
A= P(1 + r) n (n to the power of)
<span>A= final balance </span>
<span>P= initial quantity </span>
<span>n= number of compounding periods </span>
<span>r= percentage interest rate </span>
<span>P= $200 </span>
<span>n= 9 years </span>
<span>r= 5%= 0.05 </span>
<span>=$200 (1 + 0.05)9 (power of) </span>
<span>=$310.26</span>
Rewrite 5% as a decimal and then multiply by 60.
X = 0.05 x 60
