Answer:
i do not know srry
Step-by-step explanation:
i think u should try and solve it with a better teacher
Answer:
Step-by-step explanation:
Answer:
The correct answer is C. 8.15%.
Step-by-step explanation:
Given that Natasha is a bank teller, and she received a 5% raise last year and a subsequent merit raise of 3% this year, to determine what is the accumulative or compound effect of these two raises as a percentage, the following calculation must be performed, assuming, as an example, that her starting salary was $ 2,000:
(2,000 x 1.05) x 1.03 = X
2,100 x 1.03 = X
2,163 = X
2,000 = 100
2,163 = X
2,163 x 100 / 2,000 = X
216,300 / 2,000 = X
108.15 = X
108.15 - 100 = 8.15
Thus, the compound effect of both salary increases is a salary increase of 8.15%.
The answer and process is shown in the following picture
Answer:
14 3/4 years
Step-by-step explanation:
Let's assume compound inflation. The appropriate formula for that is:
A = P(1 + r)^t.
If we represent current prices by P, then double that would be 2P:
2P = P(1 + 0.048)^t Find t, the time required for prices to double.
Then:
2 = 1.048^t
Taking the natural log of both sides, we get:
ln 2 = t·ln 1.048, so that:
t = (ln 2) / (ln 1.048) = 14.78
At 4.8 inflation, with annual compounding, prices will double in approx. 14 3/4 years.