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insens350 [35]
1 year ago
5

2. You now have Birr 2,000,000 in the bank earning interest of .5 percent per month. You need Birr 3,000,000 to make a down paym

ent on a house. You can save an additional Birr 10,000 per month. How long will it take me to accumulate the Birr 3,000,000?
Business
1 answer:
vovangra [49]1 year ago
5 0

The number of months that it would take me to accumulate the Birr 3,000,000 is 50 months.

<h3>How many months would it take to accumulate 3,000,000?</h3>

The equation that represents the total amount saved :

Total amount =amount invested +  total interest earned + total amount earned

Total interest earned = amount invested x time x interest rate

2,000,000 x 0.005 x m = 10,000m

Total amount earned = savings per month x total number of months

10,000m

3,000,000 = 2,000,000 +  10,000m + 10,000m

3,000,000 - 2,000,000 = 20,000m

1,000,000 = 20,000m

m = 50 months

To learn more about interest, please check: brainly.com/question/26164549

#SPJ1

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exports as demand in all countries substantially rises.

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3 years ago
The Hutters filed a joint return for 2019. They provide more than 50% of the support of Carla, Ellie, and Aaron. Carla (age 18)
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Answer:

Hutters can be claim two dependents

Explanation:

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because here given Carla and Ellie as Aaron meets neither the residency nor citizenship requirement

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2 years ago
If a store sells a good at the market price, even though the government authorities have set the minimum price that can be charg
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Answer:

The correct answer would be option D, Legal Market for a market price that is lower.

Explanation:

If there is a store which sells the goods at the market price even though the government authorities have set the minimum price that can be charged, it means store is selling the product at a price which is higher than the minimum price set by the government, but it doesn't mean that the store owner is doing any illegal trading. This is because the government has set the lower price limit but that ceiling price is non binding. It is not necessary for the market sellers to sell at the price given by government. So they are operating in a legal market for a market price that is lower.

4 0
3 years ago
Which of the following does not represent an asset of a company?
mariarad [96]

Answer:

4. Amounts owed to suppliers

Explanation:

We know that

Balance sheet comprises of assets, liabilities and the stockholder equity

The assets could be classified into current asset, fixed asset, and the intangible assets

While the liabilities are also classified into current liabilities and the long term liabilities  

The account receivable, equipment, supplies have come on the asset side of the balance sheet whereas the account payable or amount owed to suppliers have come on the liabilities side of the balance sheet

So, the most appropriate option is 4.

3 0
3 years ago
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ExtremeBDS [4]

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Advantage

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According to my research on different business strategies, I can say that based on the information provided within the question Deep Blue is attempting to gain a competitive Advantage by stealing it's competitor's key employees. This is because it is taking away trained employees from their competitors who now have to spend time and money hiring and training new employees for that position, which will take a long time since the new employees will probably not have the experience that Gina had.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
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