Ap rvlet/quiz?ctx joel.levy-0009&quiz; action takeQuiz&quiz; probGuid QNAPCOA801

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Ap rvlet/quiz?ctx joel.levy-0009&quiz; action takeQuiz&quiz; probGuid QNAPCOA801010000003baec6800100008ck m Due Monday 12.11.17 at 12:4 Graded Assignment | Back to Assignment Attempts: Keep the Highest: 6 View Numeric Calculations Tutorial To view a tutorial on performing numeric calculations, click the link above and a new window will open. To return to this problem set, close the tutorial window 3. Calculating percentage change On April 1, the price of gas at Bob's Corner Station was $3.20 per gallon. On May 1, the price was $3.95 per gallon. On June 1, it was back down to $3.20 per gallon. Between April 1 and May 1, Bob's price increased by Between May 1 and June 1, Bob's price decreased by , or or On November 6, 2002, the U.S. Federal Reserve cut its target for the federal funds rate from 1.75% to .25%. This change of means that the Fed lowered its target by approximately Grade It Now acer

Explanation / Answer

Between April 1 and M ay 1 , Bob’s price increased by 3.95 – 3.20 = $0.75 , or .75/3.20*100 % = 23.44%

Between May 1 and June 1 , Bob’s price decreased by 3.95 – 3.20 = $0.75 , or .75/3.95*100 % = 18.99%

On November 6, 2002, the US Federal Reserve cuts its target for the federal funds rate from 1.75% to 1.25% . The change of 1.75-1.25 = 0.5 means that the Fed lowered its target by approximately 0.5/1.75 *100 = 28.57%

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