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Economics Homework Eleven Answers - Student Five (view source)
Revision as of 03:21, December 7, 2009
, 03:21, December 7, 2009Correct! (I don't why I mis-graded this the first time.)
5. $1,000 = (110% times X) times 110%, so, 1,000 divided by 110% = $909.09, $909.09 divided by another 110% = '''$826.45''', which is the amount that I will have to pay you today.
5. $1,000 = (110% times X) times 110%, so, 1,000 divided by 110% = $909.09, $909.09 divided by another 110% = '''$826.45''', which is the amount that I will have to pay you today.
:No, not quite. You have to divide again to get the second year: $1000 divided by 1.1, and that result divided again by 1.1, to equal $826.45. (Minus 1).
:Correct! (I don't why I mis-graded this the first time.)
6. I'll pass this question.
6. I'll pass this question.
:OK!
:OK!
:Terrific work. 49/50.--[[User:Aschlafly|Andy Schlafly]] 19:28, 5 December 2009 (EST)
:Terrific work. 50/50. Perfect!--[[User:Aschlafly|Andy Schlafly]] 22:21, 6 December 2009 (EST)