1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lys-0071 [83]
2 years ago
15

If you started with $100 in the bank and you had $200 after letting it sit there for 5 years, what would be the annual interest

rate you received?
Business
1 answer:
Paha777 [63]2 years ago
5 0

The annual interest rate is 10 %.

Annual percent fee refers to the yearly interest generated with the aid of a sum it's charged to borrowers or paid to buyers. APR is expressed as a percentage that represents the real yearly price of price range over the time period of a mortgage or profits earned on investment If a man or woman borrows hundred rupees at one rupee interest, for instance, he needs to pay one rupee hobby in keeping with month. So in twelve months, he has to pay ten rupees.

Here,

let the annual interest rate is r

new amount = $ 200

for the  compound interest formula

new amount = initial amount * (1 + r)^time

200 = 100 * (1 + r)^7

solving for r = 0.104 = 10.4 %

the annual interest rate is 10 %.

Learn more about The annual interest rate here:- brainly.com/question/2699966

#SPJ4

You might be interested in
WHEN A TRAFFIC SIGNAL LIGHT IS NOT WORKING, YOU SHOULD:
forsale [732]
Without reading to far into it the answer will be C
8 0
4 years ago
Read 2 more answers
A company's ________ serve as instructions for people to follow when accomplishing an activity on a computer.
Nimfa-mama [501]

A company's procedures serve as instructions for people to follow when accomplishing an activity on a computer. The order of the steps to be performed to make something happen or how something is done is the definition of process. A method would be to crack eggs into a bowl, beat them, and then scramble them in a skillet. a specific way to carry out an activity.

Workplace policies have a direct relationship with workplace procedures. A process is a set of instructions outlining how to carry out a policy. Employees are given a thorough awareness of the company's norms and ideals through the use of both policies and procedures.

To learn more about procedures, click here.

brainly.com/question/27176982

#SPJ4

4 0
2 years ago
Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash f
zepelin [54]

Answer:

44%

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

Internal rate of return can be determined using a financial calculator

Cash flow in year 0 = $-30 million

Cash flow in year 1 = $13 million

Cash flow in year 2 = $23 million

Cash flow in year 3 = $29 million

IRR = 44%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

6 0
3 years ago
When the price level falls: Multiple Choice the demand for money rises. there is a decrease in spending that is sensitive to int
const2013 [10]

Answer:

holders of financial assets with fixed money values increase their spending.

Explanation:

5 0
3 years ago
The administrative activities of controlling, directing, and coordinating police personnel, resources, and activities in the ser
frozen [14]

Answer:

The statement is describing the functions of police management.

Explanation:

Just like managing a firm, managing the police works in a similar way: police directors have to plan, control, direct, and coordinate all aspects related to the police operations, both on a daily basis, and on a long-term basis.

It is very important to have good police management because police is a service that is public and crucial for citizens. The wrong kind of police management can cause safety and public order problems that can be very disruptive for daily life.

3 0
3 years ago
Other questions:
  • Speakers usually use a(n) ______________ outline as a rough draft they revisit and revise continually throughout the preparation
    5·1 answer
  • If Barcelona has a core staff of restaurant managers and head chefs and contracts with staffing agencies to fill all other posit
    12·1 answer
  • An advertisement touts the muscle-building benefits of a new herbal supplement. before she purchases the supplement, jana invest
    13·1 answer
  • Carrie works at a canned food production factory. The government wanted to give a boost to the salt industry, so it lined up num
    10·1 answer
  • Consumer surplus is: the difference between the price of a product and consumers' valuation of the last unit of the product purc
    12·1 answer
  • Carmel Corporation is considering the purchase of a machine costing $56,000 with a 9-year useful life and no salvage value. Carm
    9·1 answer
  • Kit Company borrows $5 million at 12% on January 1, 2016, specifically for the purpose of financing the construction of a buildi
    6·1 answer
  • What types of businesses are likely to have an informal corporate culture?
    15·1 answer
  • ​Tara, a​ pharmacist, is planning on opening her own pharmacy. Tara currently earns​ $50,000 a year at her job. She has calculat
    13·1 answer
  • Marquis Company estimates that annual manufacturing overhead costs will be $900,000. Estimated annual operating activity bases a
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!