In the question, continuously should be annually.
Solution:
Applicable formula is;
A = P(1+r)^n
Where;
A = Total amount after 30 years = $9,110
P = Amount invested = $5,000
r = Annual interest rate in decimals
n = Number of years = 30
Substituting;
9110 = 5000(1+r)^30
9110/5000 = (1+r)^30
1.822 = (1+r)^30
Taking natural logs on both sides;
ln (1.822) = 30 ln (1+r)
0.5999 = 30 ln (1+r)
0.5999/30 = ln (1+r)
0.019998 = ln (1+r)
Taking exponents on both sides
e^0.019998 = 1+r
1.0202 = 1+r
r = 1.0202 -1 = 0.0202 =2.02%
Therefore, annual interest rate should be 2.02%.
Answer:
Investment in fund b = $15,000
Explanation:
Let us assume funds invested in fund b = x while the sum total of funds invested in fund a & b = Y .ie Y = $6000 + x
Fund A returned $6000 * 3/100 = $180
Fund B returned = x & 10/100 = x/10
8%y(total returns) = funds a returns + fund b returns
8%y = $180 + (x/10)
let is replace y with 6000 + x
(6000 +x) * 8% = 180 + (x/10)
480+ 8x/100 = 180 + (x/10)
480 - 180 = (x/10) - (8x/100)
300 = (10x - 8x )/100
300 = 2x/100
300*100 = 2x
30,000 = 2x
x = 15, 000
D. To entertain. Elizabeth wants to help them enjoy themselves and also wants them to reflect on the past years
Answer:
a. It focuses on generating new revenue by offering new products and services.
Explanation:
An information system or technology can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products. Thus, an information system or technology interacts with its environment by receiving data in its raw forms and information in a usable format.
Information technology is an integral part of human life because individuals, organizations, and institutions rely on information technologies in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.
Additionally, an information system comprises of five (5) main components;
1. Hardware.
2. Software.
3. Database.
4. Human resources.
5. Telecommunications.
Hence, in the context of using information technologies for a competitive advantage over rivals in the industry, the statement which is true of a top-line strategy is that, it focuses on generating new revenue by offering new products and services. The top-line strategy ensures that the company continues to generate gross revenue or sales.
The correct answer is the salience of surface similarities. The
salience of surface similarities are likely to focus more on the surface level
properties by which they are likely to be opposed to the underlying principles
that are being shared.