Solve the problem.Find the required annual interest rate, to the nearest tenth of a percent, for $1200 to grow to $1500 if interest is compounded monthly for 6 years.
A. 3.7%
B. 2.5%
C. 0.3%
D. 7.4%
Answer: A
You might also like to view...
Solve the problem.Each gallon of shingle stain covers 120 square feet. How many gallons are needed to cover 840 square feet?
A. 8 gallons B. 5 gallons C. 7 gallons D. 6 gallons
The number of sales calls made by certain employees during a special time span are given. 141, 137, 136, 135, 134, 132, 131, 130, 130, 130, 126, 125, 125, 124, 124, 122, 122, 121, 121, 119.Find the inner-quartile range for the set of sales calls.
A. 10 B. 6 C. 22 D. 11
Provide an appropriate response.The demand function for a manufacturer's product is p = f(q) = 6 - q where p is price per unit when q units are demanded by consumers. Find the level of production that will maximize the manufacturer's total revenue and determine this revenue.
Fill in the blank(s) with the appropriate word(s).
Find 
for the function 
. Simplify your answer.
What will be an ideal response?