Answer: rate is a ratio that is used to compare different kinds of quantities. A unit rate describes how many units of the first type of quantity corresponds to one unit of the second type of quantity.
Answer:
E = 1.09
Step-by-step explanation:
Elasticity measures the sensitivity of demand with changes in income.
Elasticity of Income has the formula:
[Change in Demand/Demand]/[Change in Income/Income]
So, now, we have:
D_0 = 2
D_1 = 1
I_0 = 8
I_1 = 15
Now, Elasticity (E) is:
E = [(1-2)/(1+2)]/[(15-8)/(15+8)]
E = [1/3]/[7/23]
E = 1.09
The properties of rational exponents can be applied to simplify expressions with radicals or rational exponents by writing radicals as numbers with rational exponents.
That allows you to apply the same properties of rational exponents to them.
Answer:
<u>If the amount is P, with the interest rate of 12%, the interest over the year is:</u>
<u>In this case the quarterly interest rate is:</u>
<u>With the same amount and 3% quarterly rate, the yearly interest would be:</u>
<u>The quarterly interest rate in this case is:</u>
If the quarterly interest rate is r, it should be little less than 3% to yield a 12% yearly rate.
So Kraig is wrong.
