The price of a necklace was increased by 10% to £154.What was the price before the increase?
2 answers:
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Answer:
B. An increase in i, the interest rate, will create an increase in P, the monthly payment.
Step-by-step explanation:
We have the formula for the monthly payment as,
,
where P = monthly payment, i = rate of interest, PV = present value and n = time period.
Now, as i increase we get that (1+i) increases and so increases.
This gives us that, decreases and so
decreases
Therefore, increases.
So, we get that as i increases , the value of P will increase.
Hence, option B is correct.
Answer:
The correct option is D. 2/7
Step-by-step explanation:
Consider the provided information.
There are 8 volunteers including Andrew and Karen, 4 people are to be selected at random to organize a charity event.
We need to determine the probability Andrew will be among the 4 volunteers selected and Karen will not.
We want to select Andrew and 3 others but not Karen in the group.
Thus, the number of ways to select 3 member out of 8-2=6
(We subtract 2 from 8 because Andrew is already selected and we don't want Karen to be selected, so subtract 2 from 8.)
The required probability is:
Hence, the correct option is D. 2/7