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Rus_ich [418]
1 year ago
10

You invest $500 at 10 percent interest per annum. at the end of 2 years with simple interest you will have ____ and with compoun

d interest you will have ____.
Business
1 answer:
frez [133]1 year ago
7 0

If you invest $500 at 10 percent interest per annum. at the end of 2 years with simple interest you will have <u>$600</u> and with compound interest you will have <u>$605.</u>

<h3>Simple interest and compound interest</h3>

We would be making use of financial calculator to find the compound interest by inputting the below data:

Present value=PV = -500 (ouflow)

Number of years=N = 2

Interest=I/Y = 10

Face value=?

Hence:

CPT FV = 605

Compound Interest = $605

Simple interest:

Simple Interest = $500+[2 x ($500x0.10)]

Simple interest=$500+(2×$50)

Simple Interest =$500+100

Simple interest =$600

Therefore If you invest $500 at 10 percent interest per annum. at the end of 2 years with simple interest you will have <u>$600</u> and with compound interest you will have <u>$605.</u>

Learn more about Simple interest and compound interest here:brainly.com/question/20406888

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The following information was available for the year ended December 31, 2019: Net sales $ 894,250 Cost of goods sold 616,850 Ave
iogann1982 [59]

Answer:

Explanation:

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Inventory turn over

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No of days sales in account receivable -

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3 years ago
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The advise that'll be given to Patagonia to omit from consideration in crafting a strategy to enhance future profits in these two emerging markets is to create a sales plan that aims to enhance initial sales and market penetration with low prices based on high operational costs.

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2 years ago
3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many
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200

10x5 = 50

250-50

200

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