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BARSIC [14]
2 years ago
15

If a borrower computed the interest charged for the previous month on his $60,000 loan balance as $412.50, what is the borrower'

s interest rate?
Business
1 answer:
snow_tiger [21]2 years ago
8 0

Based on the fact that the borrower was charged $412.50 on his balance of $60,000, the interest rate is 8.25%.

<h3>What is the interest rate?</h3>

The interest amount is monthly so the yearly amount is:

= 412.50 x 12

= $4,950

The borrower's interest rate is:

= 4,950 / 60,000 x 100%

= 8.25%

In conclusion, the borrower's interest rate is 8.25%.

Find out more on interest rate at brainly.com/question/25793394

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A $75,000 loan requires a $1,875 discount point to be paid by seller and a $375 discount point to be paid by the buyer. This is
wariber [46]

Answer:

C. 3%

Explanation:

Given that

I = 1875 + 375 = 2250

V = 75000

Recall that,

I/V = R

So,

= 2250/75000

= 0.03

To percentage = 0.03 × 100

= 3%

4 0
3 years ago
Mike and Tom debone chicken breasts for Ted's Chicken Co. Mike is new and can only debone 30 chicken breasts per hour, while Tom
vodka [1.7K]

Answer:

Their average hourly productivity as a team for chicken breasts will be

45.

Explanation:

Here, it is given that Mike and Tom debone chicken breasts for Ted' chicken company.

Mike debones 30 chicken breasts,

Meanwhile Tom is having his own experience in this work and knows how to calculate the hourly work

So, Tom allows Mike to debone only 60 chicken breasts per hour.

Now its mentioned that both Tom and Mike had worked 40hrs per week.

So, their average hourly productivity as a team will be:

                 frac\ {{30} +{60}} {2}

                    ⇒ 45

So, their average hourly productivity as a team for chicken breasts will be 45.

7 0
3 years ago
Various financial data for the past two years follow. LAST YEAR THIS YEAR Output: Sales $ 200,100 $ 202,100 Input: Labor 30,100
kramer

Answer: $1.637; $1.404

Explanation:

Given that,

Last year:

Output - Sales = $200,100

Input:

Labor = 30,100

Raw materials = 35,100

Energy = 5,010

Capital = 50,010

Other = 2,010

Input = 30,100 + 35,100 + 5,010 + 50,010 + 2,010

         = 122,230

Total Productivity = \frac{output}{input}

                              = \frac{200,100}{122,230}

                              = $1.637

This year:

Output - Sales = $202,100

Input:

Labor = 40,100

Raw materials = 45,100

Energy = 6,050

Capital = 49,750

Other = 2,875

Input = 40,100 + 45,100 + 6,050 + 49,750 + 2,875

         = 143,875

Total Productivity = \frac{output}{input}

                              = \frac{202,100}{143,875}

                              = $1.404

8 0
3 years ago
Which of the following collect and evaluate career outlook information:
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