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
Maksim231197 [3]
1 year ago
13

find the accumulated amount at the end of 9 months on an $800 deposit in a bank paying simple interest at a rate of 6% per year.

Business
1 answer:
Valentin [98]1 year ago
7 0

As per the given figure, after calculating the accumulated amount, the figure that has been arrived is $1,232.

<h3>What is the accumulated amount?</h3>

Accumulated value or accumulated amount, both are synonyms. It is used to refer to the cash value. Basically, this means there is an easy way of calculating the accumulated value.

All one has to do is to find the total or the sum of the initial investment and, in that addition, the interest which has been earned till date will be added. Formula for calculating the simple interest is

Accumulated amount =Principal amount (1+rate * time)

Here Principal amount = $800,    rate= 0.06,   time=9 months

Accumulated amount = 800 (1+(0.06*9) = 800 (1+ 0.54 ) =  $1,232.

Thus, the accumulated amount for the given data is $1,232.

Learn more about accumulated amount from here:

brainly.com/question/12903532

#SPJ4

You might be interested in
Coat's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking
VLD [36.1K]

Increase the promotion budget to gain greater awareness

Explanation:

  • Coat's manager continues to perform well in the market competing product as strong and is looking to take over the market share leader in segment.
  • The coat product manger in order to improve the buying criteria, and thus potentially increase demand the best product manager should purchased.
  • Marketing and promoting  is a strategy in which one can communicate the customers and target prospective customers to buy the products.
  • Thus increasing the demand of the product and thereby increase the promotion budget and gain greater awareness.
6 0
3 years ago
Match these statements with the appropriate reasoning fallacy below: Killing people is wrong, so the death penalty is wrong! How
WINSTONCH [101]

ADD ME I WILL SEND THE ANSWER AND PLS ADD A PICTURE

7 0
2 years ago
A keynote speaker was known for his many speaking engagements, but now he has limited time and a rational mind. Even he would ev
yawa3891 [41]

Answer: B. the additional enjoyment of one more speaking engagement (the marginal benefit) is rising.

6 0
3 years ago
In ______ feedback, the receiver provides nonevaluative information to the communicator.
umka21 [38]

In informational feedback, the receiver provides non-valuative information to the communicator.

Feedback in the context of communication refers to a reaction from the recipient that informs the communicator of the message's effectiveness and whether it needs to be amended.

Alternatively said, feedback is the message's reception by the recipient

Corrective feedback is when the receiver challenges the initial communication in response to informational feedback, which is when the receiver provides non-evaluative information to the communicator.

Reinforcing feedback occurs when the recipient expresses explicitly that she has understood the message and its goals.

Hence, in informational feedback, the receiver provides non-valuative information to the communicator.

Learn more about communication:

brainly.com/question/4999885

#SPJ1

8 0
1 year ago
Minden, Mel, and Montana decide to liquidate their partnership. All assets are sold, and the liabilities are paid. Following the
Leto [7]

<u>Answer:</u>

The amount of cash that will be received by Montana is $37000.

<u>Explanation:</u><u> </u>  

                                                 Minden           Mel       Montana

Profit sharing ratio                                 30%             40%            30%

Balances                                                 27000       -12000    43000

Deficiency distrubuted                           -6000      12000    -6000

Cash received by partners                    21000           0            37000    

Minden and Montana have to contribute in their

profit sharing ratio (30% and 30%), i.e., equally.

Therefore, the amount of cash that will be received by Montana is $37000.

4 0
2 years ago
Other questions:
  • Lisa owns stock in Company ABC. Company ABC sent out an earnings report and gave each of the stockholders an amount of money bas
    7·2 answers
  • U.S. businesses and those of other countries are seeking to expand around the world for many reasons. Which of the following is
    11·1 answer
  • What advice would you give someone who is having a difficult time getting along with a new boss?
    15·1 answer
  • A company produces very unusual CD's for which the variable cost is $ 17 per CD and the fixed costs are $ 30000. They will sell
    7·1 answer
  • Assume Maine Line Railway is considering hiring a reservations agency to handle passenger reservations. The agency would charge
    7·2 answers
  • Consider an economy with only two groups of​ people: Wage earners and Goods sellers. If the price level increases by​ 20% while
    5·1 answer
  • Thompson’s house was destroyed by fire and claims were filed with the insurance company. The insurance company (insurer) hired C
    9·1 answer
  • A company began a new development project in 2017. The project reached technological feasibility on June 30, 2018, and was avail
    7·1 answer
  • Brenda likes to download her music from a(n ____ site and then transfer it to her portable digital media player so that she can
    5·1 answer
  • The adjusted trial balance of Bramble Corp. at December 31, 2019, includes the following accounts:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!