Answer:11.7
Step-by-step explanation:
1. Recognize variables. Starting price is 9, it’s increasing by 1.5% each year, the question asks for the price in 20 years.
2. Convert percentage to decimal. Most calculators won’t understand multiplying by percentages, and instead will understand multiplying by decimals. A decimal is something we can easily work with. It is more commonly taught to work with decimals as well. With that said 1.5% equals .015. (The number in the ones place in the percentage is always in the hundredths place when converted to a decimal, the tens to the tenths, the hundreds in the percentage to the ones place in the decimal, the hundredths in the percentage to the ten thousandths in the decimal. Basically, every individual number [the 5 in 1.5] moves two spaces to the right when going from percentage to decimal form, likewise two to the left going from decimal to percentage form. 23%=.23, 104%=1.04, 0.5%=.05, 1.234%=.01234)
3. Make your equation
20(9*(.015))+9
+9 is your starting point
9*(.015) gives you the amount the price increases per year
20 is multiplied then to that increased price for the next 20 years
4. Crunch em numbers
PEMDAS
Answer:
x= 6
Step-by-step explanation:
Answer to question 1:
When supply of a product goes up, the price of a product goes down and demand for the product can rise because it costs loss.
Answer to question 2:
Commercial banks play an important role in the financial system and the economy. ... They provide specialized financial services, which reduce the cost of obtaining information
Answer to question 3:
Government regulation affects the financial services industry in many ways, but the specific impact depends on the nature of the regulation. Increased regulation means a higher workload for people in financial services.
Answer to question 5:
Adam Smith because he was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment, also known as ''The Father of Economics''.
Answer:
is this science?
Step-by-step explanation:
The answer is 15 or 1/4
I hope this helps you
