Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;
Therefore, it will take 88.2 months to accumulate the amount.
Answer:
The percentage change of vacationers is 33.3 %
Step-by-step explanation:
Given as :
The old value of the vacationers = $ 1500
The new value of the vacationers = $ 2000
Let the percentage variation = x %
Or, x % increase = × 100
Or, x % increase = × 100
Or, x % increase = × 100
Or, x % increase = × 100
Or, x % increase =
∴ x = 33.3 %
So, The percentage increase change is 33.3 %
Hence The percentage change of vacationers is 33.3 % Answer