Answer:81/100
Step-by-step explanation:
0.81
0.0 tenths
0.00 hunderts
Answer:
C
Step-by-step explanation:
Hope I was able to help!! :)
Answer:
6.66%
Step-by-step explanation:
((1 + r/m)^n) - 1
Interest rate , r = 6.5%
m = number of compounding times per period = 4 (quarterly interest)
((1 + 0.065/4)^4) - 1
((1 + 0.01625) ^4) - 1
((1.01625)^4) - 1
1.06660 - 1
= 0.0666
0.0666 * 100%
= 6.66%
Answer:
Part A) The percentage increase was
Part B) Michael is financially better off this year than last year
Step-by-step explanation:
Part A)
we know that
Using proportion
Let
x-----> the percentage increase
Part B) Compare the percentage increase with the inflation
The percentage increase is greater than the inflation
therefore
Michael is financially better off this year than last year