19 is the distance between those 2
Answer: 0.67
Step-by-step explanation:
First we will find the interest on:
P = $235 principal
t = 2 years
r = 0.1415 annual rate
A = future value
I = A - P the interest
A = P(1 + r)^t
A = 235(1 + 0.1415)^2
A = $306.21
I = A - P
I = $306.21 - $235
I = $71.21
the interest was $71.21.
Next lets find the lifetime cost value:
Lifetime cost value = 306.21 + 5*1.56*52 + 5*0.78*52 = $914.61 (considering that 1 year = 52 weeks)
Now lets find the percentage what percentage the interest is of the lifetime cost:
(71.21/914.61)*100 = 7.79%
<span>← Previous Problem<span>Next Problem →</span></span>
The answer is 20% since the percentages cancels each other out.
<span>If dog food costs $2 a pound and Cara buys 9 pounds, her expenditure on dog food is 9 x 2. This makes $18. If she has a total budget of $25 and spends $18 on dog food, she has $7 left over for treats (25 - 18 = 7). At $1 each, she can buy up to 7 treats.</span>
