If prices increase at a monthly rate of 1.2​%, by what percentage do they increase in a​ year?

Answers

Answer 1

Final answer:

To calculate the annual increase from a monthly rate of 1.2%, use the compound interest formula to calculate the compounding effect over 12 months, resulting in an annual increase of approximately 15.47%.

Explanation:

The question asks about the annual percentage increase if prices increase at a monthly rate of 1.2%. The calculation involves compounding the monthly increase over the course of a year. To find the total percentage increase for the year, the formula for compound interest can be used, which is [tex](1 + r)^n[/tex], where r is the monthly increase rate, and n is the number of periods (months in a year).

Steps to Calculate Annual Increase:

Convert the monthly percentage increase to a decimal by dividing by 100: 1.2% / 100 = 0.012.

Add 1 to the monthly rate: 1 + 0.012 = 1.012.

Raise this sum to the power of 12, since there are 12 months in a year: [tex]1.012^{12[/tex].

Subtract 1 from the result to find the annual increase rate in decimal form.

Multiply by 100 to convert back to a percentage.

When we do the math, it turns out the prices increase by approximately 15.47% over the course of a year, when compounded monthly at a rate of 1.2%.

Answer 2
Final answer:

Prices increase by 1.447% in a year when the monthly increase is 1.2%.

Explanation:

To calculate the percentage increase in a year, we need to calculate the total increase over 12 months. Since prices increase at a rate of 1.2% per month, we can calculate the total increase over 12 months as follows:

1.012 x 1.012 x ... x 1.012 (12 times) = 1.01447

The total increase is 1.01447, which is equivalent to a 1.447% increase over the course of a year.


Related Questions

Identify the slope of the line shown in the graph below:

Graph of a vertical line with an x intercept of 3

Answers

I believe the slope of any vertical line is "undefined" because slope= rise(change in y values)/ run(change in x values).

Therefore, the slope for a horizontal line is
m= 0/(x2-x1).

However, for a vertical line the x-values are the values that are not changing. So, m= (y2-y1)/0. It is not possible to divide anything by zero. So, the slope of a vertical line is reported as m= undefined.

Any questions?

What is 7√11√ in simplest radical form?



Enter your answer in the box.

Answers

Answer:

√[tex]\frac{77}{11}[/tex]

The answer in the simplest radical form is [tex]\frac{\sqrt{77}}{11}[/tex].

What is a radical expression?

A radical expression is an expression consisting of a square root or nth root.

The given expression is √7/√11.

Simplify the expression as follows:

√7/√11 × √11 / √11

√77 / 11

Hence, the answer in the simplest radical form is [tex]\frac{\sqrt{77}}{11}[/tex].

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The correct question is?

What is √7/√11 in the simplest radical form?

A 7-foot tall stop sign creates a shadow that is 2 feet long. At the same time, a utility pole creates a shadow that is 11 feet long. How tall, in feet, is the utility pole?

Answers

DIvide 11 by 2

11/2

5.5

Multiply that by 7

5.5x7

38.5 feet tall

Answer:

The height of the pole is 38.5 m.

Step-by-step explanation:

Given information:

The height of stop sign is [tex]h=7\rm \; ft[/tex]

Length of shadow of stop sign is [tex]l=2\rm \; ft[/tex].

The length of shadow of pole is [tex]L=11\rm \; ft[/tex].

Now, the shadow is measured at the same time for both the cases. So, the triangles formed by stop sign and its shadow, and pole and its shadow will be similar.

For similar triangles, the sides are always in same proportion.

Solve for the length of pole as,

[tex]\dfrac{H}{h}=\dfrac{L}{l}\\\dfrac{H}{7}=\dfrac{11}{2}\\H=7\times 5.5\\H=38.5[/tex]

Therefore, the height of the pole is 38.5 m.

Refer the diagram for more clarity.

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The circumference of a circle of radius r is given by the polynomial 2 pi r2πr​, where piπ is an irrational number. For an approximation of piπ​, use 3.14. Find the circumference of a circle with radius 18 cm18 cm.

Answers

To find the circumference you use c = pi d. Radius * 2 = Diameter
c = 3.14(36) 
c = 113.04 in. square.

Sarah buys 2 gallons of milk. There are approximately 3.875 liters in a gallon. How many milliliters of milk did Sarah buy?

Answers

3,875l= 3 875 000 milliliters
3875000×2= 7 750 000 milliliters
So she bought 7 750 000 mililiters of milk.
Final answer:

To calculate the volume in milliliters, we first convert gallons to liters (2 gallons * 3.875 liters/gallon = 7.75 liters), then convert liters to milliliters (7.75 liters * 1000 ml/liter = 7750 milliliters). So, Sarah purchased 7750 milliliters of milk.

Explanation:

Sarah purchased 2 gallons of milk, with each gallon approximately 3.875 liters. To convert liters to milliliters (ml), we should remember that 1 liter equals 1000 milliliters. So, to find the total amount in milliliters, we first convert gallons to liters (2 gallons * 3.875 liters/gallon = 7.75 liters), then convert liters to milliliters (7.75 liters * 1000 ml/liter = 7750 milliliters). Therefore, Sarah bought 7750 milliliters of milk.

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A book store was selling 5 books for $27.25.Online you could buy 6 books for $32.16. Which place has a lower unit price

Answers

to do this you would need to figure out how much each price is at one book so you would do $27.25÷5=$5.05 then do $32.16÷6=$5.36 so at the bookstore has the lower unit price

Which is the MOST reasonable estimate of the y-intercept for this linear graph?
A) -1.7
B) -0.6
C) 0.6
D) 1.7

Answers

D. This is because the y-intercept is the point at which the x coordinate is 0. C is wrong because it's the X intercept.

The MOST reasonable estimate of the y-intercept for this linear graph is 0.6

Option C

The y-intercept of a linear graph is the point where the line intersects the graph on the y-axis

The slope-intercept form of the equation of a line is:

y  =  mx  +   c

where m is the slope

and c is the y-intercept

Considering the graph shown, the line intersects the y-axis on the point y = 0.6

Since the line intersects the y-axis on the point y = 0.6, the most reasonable estimate of the y-intercept of the linear graph is 0.6

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christiano ronaldo has a messy house. the function that represents the total cost christiano spends have his house cleaned is c(v)=125v when v represents the number of visits. HOW MUCH DOES CRISTIANO RONALDO SPEND PER VISIT AND DEFINE THE INPUT AND OUTPUT IN THE GIVEN SCENARIO.

Answers

Since c(v) = 125v, where v is the number of visits. Therefore, it will cost Cristiano 125 units per visit. The input in this equation is c(v), and the output is 125v. For example, if you input 2 into c(v) and get c(2), you will get 125(2) = 250 for two visits.

How do I solve this using elimination?

80x + 45y = 645
x + y = 12

Answers

x + y = 12  / x (-45);
Then, -45x - 45y = -540;
We have 80x + 45y = 645 and
               -45x - 45y = -540
            ________________
                35x           = 105;
Finally, x = 105÷35;
x = 3;
y = 12 - 3;
y = 9;
If you combine like terms and do them differently you will have 3 different answers

How is interest similar to sales tax and markups? How is it different?

Answers

They are similar because they are all based on percents. They are different because interest can be added over time or multiple times. Discount is a percent that is removed and mark up is a percent that is added on. 
Final answer:

Interest, sales tax, and markups are all additional charges added to the original amount, but they differ in how they are calculated and when they are charged.

Explanation:

Interest is similar to sales tax and markups in that they all involve additional charges or fees that are added to the original amount.

Interest is the extra amount paid for borrowing money, while sales tax is the extra amount paid on the purchase of goods or services, and markups are the extra amount added to the cost price to determine the selling price. They all increase the total cost or price of the transaction.

The main difference is that interest and markups are calculated as a percentage of the original amount, while sales tax is calculated as a percentage of the purchase price. Additionally, interest and markups are typically charged over a period of time or for a specific duration, while sales tax is a one-time charge at the point of sale.

Felix found the sum of two prime and one compostie number to be 45. The difference between the greatest and the least number is 4. Which one could be the three numbers?

A.13,17,15
B.18,14,13
C.15,14,16
D.11,19,12

Answers

The correct answer is A. The first thing to look for are obvious answers to rule out. You can automatically rule out B and C because they have 2 composite numbers. That leaves A and D, it can't be D because 19-11 is 8 and not 4. So, the only answer can be A.

Drag the numbers to order them from greatest to least, with the greatest at the top.
​√ ​ 8/3 ​​
π
​3.01245...​
√ ​17

Answers

(√ ​17 = 4.12..., √ ​ 8/3 = 1.63..., π = 3.14...)

Greatest to least would be:
√ ​17
π
3.01245...​
√ ​ 8/3

Answer: Our numbers are: [tex]\sqrt{8/3}[/tex],  π, 3.01245 and [tex]\sqrt{17}[/tex]. Let's analyze them:

1) [tex]\sqrt{8/3}= \sqrt{16/6} =4/\sqrt{6}[/tex] and [tex]\sqrt{6} \geq\sqrt{4}= 2[/tex], so [tex]4/\sqrt{6} \leq4/2 = 2[/tex]

So [tex]\sqrt{8/3}\leq2[/tex]

2) the number pi is 3.14159265

3) this number is 3.01245, doesn't require more analyzing-

4) [tex]\sqrt{17}[/tex], we know that [tex]\sqrt{16} = 4[/tex], then [tex]\sqrt{17} \geq 4[/tex]

So the correct order from greatest to lowest is:

[tex]\sqrt{17}[/tex], π , 3.01245, [tex]\sqrt{8/3}[/tex]

You also can check it with a calculator, but it isn't the idea of the problem.

how many time more respondents chose either black or silver than red round to the nearest tenth if necessary

Silver = 0.2
Black = 0.14
Red = 0.09

Answers

In this question you are asked to compare "either black or silver" with "red" and allowed to round up to the nearest tenth. Silver is already rounded to tenth. If you round the black and red then
Silver= 0.2
Black = 0.1  ---> round down because the 0.04 value is 4, which was lower than 5
Red= 0.1 -->round up because the 0.09 value is 9, which was higher than 5

The word 'either black or silver" mean that combination of the frequency. Then the equation should be: black + silver= 0.1 + 0.2= 0.3
If you compare it with red, then: 0.3/ red= 0.3 / 0.1 = 3 times more

Biff’s candy tax is working great for him. When any other student buys candy from the student store, Biff takes two pieces for himself for every five pieces the student buys. If George bought 35 pieces of candy, how many pieces will go to Biff? Show your work or explain your answer.

Answers

So if every student buys five pieces of candy, he gets two. And if someone buys 35 pieces of candy, think like this:
How many times does 2 go into 35? It doesn't go into 35 evenly because 35 is an odd number. So, you will get a decimal as your answer. 35 ÷ 2 is 17.5, so you put it like this:
If George buys 35 pieces of candy, Biff will take 17 whole candy bars and half of one. (17 1/2). Hope this helps!

The floor of a canyon has an elevation of −14.5−14.5 feet. Erosion causes the elevation to change by −1.5−1.5 feet per year. How many years will it take for the canyon floor to have an elevation of −31−31 feet?

Answers

The canyon starts at an elevation of (-14.5). After each year, the elevation drops by (-1.5). The equation that could be written for this, then, would be (-14.5 - 1.5x = -31). First, we could add 14.5 to both sides of the equation to isolate the unknown. This would leave -1.5x = -16.5. Next, we can remove the negative signs so both sides of the equation are positive and easier to work with. This leaves 1.5x = 16.5. Finally, dividing both sides by 1.5 gives us "x = 11", which means that after 11 years, the canyon floor will be at -31 feet.

1520 divided by 83 with remainder

Answers

To find 1520 divided by 83 with the remainder, divide 1520 by 83, which results in 18 with a remainder of 26.

The question from the student involves dividing 1520 by 83 and finding the remainder. To perform this calculation, we divide 1520 by 83. The quotient is the whole number result of the division, and the remainder is what is left over after the division.

Here's how you'd calculate it:

Divide 1520 by 83.

Find the whole number quotient, which is the number of times 83 goes into 1520 completely.

Calculate the remainder by subtracting the product of the quotient and 83 from 1520.

In this case, 1520 \\div 83 is 18 with a remainder of 14, since 83 x 18 = 1494, and 1520 - 1494 = 26. Therefore, 1520 divided by 83 equals 18 with a remainder of 26.

sometimes, people have a pet house mouse. If a mouse could travel at top speed, running 20.25 miles in 2.5 hours, how far could it travel in an hour

Answers

Final answer:

By dividing the total distance (20.25 miles) by the total time (2.5 hours), we find that the mouse has a top speed of 8.1 mph and could therefore travel 8.1 miles in one hour if it maintained this speed.

Explanation:

To find out how far a mouse can travel in an hour at its top speed, we can use the information provided that the mouse ran 20.25 miles in 2.5 hours. This question is essentially asking us to calculate the speed of the mouse in miles per hour (mph), which is a common way to express speed. We'll use a simple division to solve this problem.

First, we divide the total distance traveled by the total time taken to find the speed:

Total Distance = 20.25 milesTotal Time = 2.5 hoursSpeed = Total Distance ÷ Total Time = 20.25 miles ÷ 2.5 hours

Performing the division:

Speed = 8.1 mph

Therefore, if the mouse continued to run at its top speed, it would be able to travel 8.1 miles in one hour.

this ten frame show 5+8 draw to make ten then write the new fact

Answers

Draw one ten, (If you have to draw ones, draw 3 of those) and the new fact is 10 + 3. (That equals 13, if you need that.)

Please Help ASAP and Explain Please :)


A teacher promised a movie day to the class that did better, on average, on their test. The box plot shows the results of the test:


Which class should get the reward, and why?
A. The 2nd period class should get the reward. They have the highest score, a perfect 100.
B. The 2nd period class should get the reward. They have a higher median.
C. The 4th period class should get the reward. Though the medians are the same, the first and third quartiles are higher, so the students did better on average than in the 2nd period class.
D. The 4th period class should get the reward. Their lowest score is an outlier, and should be thrown out.

Answers

The answer is C.  The 4th period class should get the reward.  Though the medians are the same, the first and third quartiles are higher, so the students did better on average than in the 2nd period class.

Which is a simplified form of the expression 5c – 7(2c – 4)? A. 9c + 28 B. -9c + 28 C. 9c - 28 D. -9c – 28

Answers

5c - 7(2c - 4)
Distribute the 7 to everything inside the parenthesis.
5c - 14c + 28
Combine similar terms.
-9c + 28.

Hope that helped! :)

Answer:

b

Step-by-step explanation:

PLEASE HELP!

Q1. A carpenter has 16 1/2 m of wood. He cuts the wood into pieces that are each 2 3/4 m long.


How many pieces of wood does the carpenter cut?


Q2. Divide.

3/5 ÷ 1 1/4

1. 1/4
2.12/25
3. 3/4
4. 2 2/5

Answers

For Q1, we can start out by turning it into a plain fraction. 16*2=32, and 32+1=33, so 16+1/2=33/2. Similarly, for 2 3/4, 2*4=8 and 8+3=11, so 2 3/4=11/4 as the size of each piece of wood. To divide them, we have the numbers 33/2 and 11/4. We first find the reciprocal of the size of a piece (switch the numerator and denominator) and then multiply the 2 fractions - 33/2*4/11=132/22=6 pieces. Using that, I challenge you to do Q2 on your own!

how long would it take to travel 200 meters at 5 m/s

Answers

Hello! To answer this question, all you have to do is divide the amount traveled by the speed per second. 200/5 is 40. It would take 40 seconds to travel 200 meters.

To travel 200 meters at 5 m/s, it would take 40 seconds.

To travel 200 meters at 5 m/s, we can use the formula for speed:

speed = distance / time

5 m/s = 200 meters / time

time = 200 meters / 5 m/s = 40 seconds

A collector's model racecar is scaled so that 1 inch on the model equals 6 feet on the actual car. If the model is 0.75 inches high, how many feet high is the actual car? Enter your answer as a decimal.

Answers

4.5, since 6 times .75 (the model height) is 4.5

Theo ran a 3K in 9.6 minutes, Esteban ran a 5K in 13.5 minutes, and Tetsuo ran a 10K in 31.9 minutes. Who ran the fastest? Round to the nearest ten thousandth. Explain your reasoning.

Answers

Theo ran 3K in 9.6 minutes:

9.6 divided by 3 = 1.2 munutes
3 divided by 3 = 1k

1k = 1.2 minutes.

Estaban ran 5k in 13.5 minutes:

13.5 divided by 5 = 2.7 minutes
5 divided by 5 = 1k

1k = 2.7 munutes

Tetsuo ran 10k in 31.9 minutes:

31.9 divided by 10 = 3.19 munites
10 divided by 10 = 1k

1k = 3.19 minutes

Answer: Theo Ran the Fastest and all the writing above is the resoning.

What's 4.002 in word form?

Answers

It would be four and two thousandths. 

When expressing the given number 4.002 in word form, describe it as "four and two thousandths."

The given number is 4.002.

To express the number 4.002 in word form, we break it down into its individual place values and assign corresponding words to each place. Here's the breakdown:

4.002:

The digit 4 is in the whole number place.The digit 0 in the tenths place.The digit 0 in the hundredths place.The digit 2 in the thousandths place.

Now, let's express each place value in word form:

4.002 is spelled as "four and two thousandths."

Thus, when expressing 4.002 in word form, we describe it as "four and two thousandths."

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write the ratio as a fraction in simplest form. 32:42

Answers

16/21 is your answer

You can take a 2 out of both numbers to get your answer

I hope this helped! :)

16/21 is the simplest form you can't simplify any more

Jeremy’s sister Susie, borrowed money from their mom to pay her order. Their mother has agreed to deduct an equal amount of money from Susie’s allowance each week for the next five weeks to repay the loan. What is the weekly change in Susie’s allowance?

Answers

Final answer:

The question requires dividing the total amount borrowed by Susie by the number of weeks to obtain the weekly change in her allowance.

Explanation:

The question pertains to a simple mathematical calculation of equal division of a loan amount across a specified number of weeks to determine the weekly change in Susie's allowance. Although the exact loan amount isn't provided, the process would involve dividing the total sum borrowed by the number of weeks (5 weeks, as mentioned) to find out how much Susie's allowance will reduce each week.

For instance, if Susie borrowed $100, her weekly allowance would be reduced by $100 / 5 = $20 per week.

Final answer:

The weekly change in Susie's allowance is $20.

Explanation:

The weekly change in Susie's allowance can be calculated by dividing the total amount borrowed by the number of weeks she has to repay the loan. In this case, if Susie borrowed $100 and has five weeks to repay it, the weekly change in her allowance would be $100/5 = $20. Therefore, her allowance would decrease by $20 every week for the next five weeks.

Brandon has 7 ten-dollars bills 8 one dollar bills.joshua has 3 fewer ten dollar bills fewer one dollar bills than Brandon . What is the value of Joshua’s money

Answers

Brandon has 78$ (70+7)
Joshua has 3$ fewer than brandon.
78-3= 75
Joshua has 75$

Explain how to estimate 524÷9.

Answers

It depends on what your estimating it to. Ones? Tens? Hundreds? once you know what your gonna estimate it to, tell me and I will do the division and estimation for u :D
Final answer:

To estimate 524÷9, round 524 to 540 (a multiple of 9) and divide by 9. The estimate is 60.

Explanation:

To estimate 524÷9, you can use rounding. Round 524 to the nearest multiple of 9, which is 540. Then, divide 540 by 9, which equals 60. Therefore, the estimate for 524÷9 is 60.

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What is the distance between points (10,7) and (2,7) on a coordinate plane?
please help me

Answers

The distance between those two points is 8 because its a straight line...

The distance between points (10,7) and (2,7) on a coordinate plane will be 8 units.

What is a distance formula?

It is defined as the formula for finding the distance between two points. It has given the shortest path distance between two points.

The distance formula can be given as:

[tex]\rm d=\sqrt{(x_2-x_1)^2+(y_2-y_1)^2}[/tex]

It is given that, the points on the coordinate planes are (10,7) and (2,7).

(x₁,y₁) = (10,7)

(x₂,y₂) = (2,7)

The distance between points (10,7) and (2,7) on a coordinate plane is found as,

(d) = √(x₂ - x₁)² + (y₂-y₁)²

Substitute the given values as,

(d) = √(2 - 10)² + (7 - 7)²

=√(-8)² + (0)²

=√64

=8 units

Thus, the distance between points (10,7) and (2,7) on a coordinate plane will be 8 units.

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How does the bolded figurative language add meaning to the scene that Mark Antony is describing?And bowed like bondmen1, kissing Caesars feeta)The figurative language creates a visual image of the betrayal of the conspirators: they feigned respect for Caesar only to stab him to death.b)The figurative language uses a fact-based definition of the relationship between Caesar and the conspirators: they were his slaves and servants in his household.c)The figurative language shows the audience the conflict between Brutus and Cassius.d)The figurative language explains the conflict between Mark Antony and Caesar What does a negative projected ending inventory value mean? scm? Which of these triangle pairs can be mapped to each other using a single reflection? 2. What does the upper number of a time signature indicate? (1 point) Andre and Sally are playing a number game. Andre tells Sally, "I'm thinking of a number between 1 and 20. If I take the number and add 5, and then subtract 3, I get 19." What number is Andre thinking of? In ________ reinforcement, the person or animal is not reinforced every time a desired behavior is performed. Large families may suffer from _______________________ when resources are spread too thin A washer and a dryer cost $1013 combined. the washer costs $63 more than the dryer. what is the cost of the dryer? The federal agency that tracks information on occupational titles for public health and other industries has which initials? Assume f(x) = g(x). Which of the following two functions may be used to represent the function 3x = x 4? *1 pointA) f(x) = 3x, g(x) = x 4B) f(x) = x 7, g(x) = x 4/3C) f(x) = 3x, g(x) = 3xD) f(x) = 7, g(x) = 3x For which purpose would you use the SEE method?A. to help you evaluate your final draftB. to extend and elaborate upon your essay topicC. to help classmates rate the quality of your essayD. to help you generate a topic Which femoral structure is located at the distal end of the medial supracondylar ridge? At the doctor's office a device is placed on Dawn's stomach and she can hear her unborn child's heartbeat at five weeks gestation. Dawn's unborn child is in the ________ stage of prenatal development. Classify the substances according to the strongest solute-solvent interaction that will occur between the given substances and water during dissolution. please match. 1. ion-dipole forces 2. dipole-dipole forces 3. hydrogen bonding 4. london dispersion forcesA. AlCl3B. FeBr3C. NH3D. C2H5OH At a school, 20% of the sixth-grade students are in the band. There are 22 sixth-grade students in the band. How many sixth-graders are in the school? What event brought about the Missouri Compromise? the Mexican Revolution in 1821 Alabama was admitted as a slave state Maine was admitted as a free state How did industrialization affect the American economy in the 1800s? which bodies of water border the western united statesa) Ohio riverb) Pacific Oceanc) Gulf of Mexicod) Rio Grande A group of words that includes a subject and verb and makes sense on its own is a (5 points) sentence dependent clause fragment comma splice Our music teacher, ms. schmidt, plays _____ guitar beautifully. which personal pronoun agrees with the underlined antecedent? his their its her Steam Workshop Downloader