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A barber invests N100,000 for 5 years. At the end of the investment period, he receives a cash transfer of N120,600 as final settlement of the investment.
Required:
Use logarithm (to base 10) to determine the compound interest rate on the investment.
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A company plans to introduce a new product into the market. 6,000 units are to be produced in the first year with an annual growth rate of 3.5%. Selling price is to be set at N1,050 per year with an annual growth rate of 6.5%.
Required:
If the production costs are to be pegged at N850 in the first year with an annual growth rate of 5%, calculate the profit earned in year 5.
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Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Given the following information:
Total assets at December 31, Year 2: ₦150,400
Total assets at December 31, Year 1: ₦125,000
Total liabilities at December 31, Year 2: ₦43,200
Total liabilities at December 31, Year 1: ₦34,800
Additional capital input on December 31, Year 2: ₦10,000
What was the profit of the business for the year ended December 31, Year 2?
A. ₦7,000
B. ₦17,000
C. ₦27,000
D. ₦90,200
E. ₦107,200
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
A barber invests N100,000 for 5 years. At the end of the investment period, he receives a cash transfer of N120,600 as final settlement of the investment.
Required:
Use logarithm (to base 10) to determine the compound interest rate on the investment.
Find Related Questions by Tags, levels, etc.
A company plans to introduce a new product into the market. 6,000 units are to be produced in the first year with an annual growth rate of 3.5%. Selling price is to be set at N1,050 per year with an annual growth rate of 6.5%.
Required:
If the production costs are to be pegged at N850 in the first year with an annual growth rate of 5%, calculate the profit earned in year 5.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Given the following information:
Total assets at December 31, Year 2: ₦150,400
Total assets at December 31, Year 1: ₦125,000
Total liabilities at December 31, Year 2: ₦43,200
Total liabilities at December 31, Year 1: ₦34,800
Additional capital input on December 31, Year 2: ₦10,000
What was the profit of the business for the year ended December 31, Year 2?
A. ₦7,000
B. ₦17,000
C. ₦27,000
D. ₦90,200
E. ₦107,200
Find Related Questions by Tags, levels, etc.
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