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
vova2212 [387]
1 year ago
5

Alicia deposited $400 in the bank. The bank paid her simple interest at the rate of 5 percent per year. How much money will she

have in her account at the end of 6 months?.
Business
1 answer:
algol131 year ago
6 0

Using simple interest, she will have $410 at the end of six months.

Principle = $400

Rate = 5%

Time equals 6 months, or 0.5 years.

Simple interest is equal to PRT/100.

S.I. = 400*5*(1/2)/100

S.I. = 10

Consequently, $400 plus $10 equals $410.

<h3>What is simple interest?</h3>

To calculate the amount of interest that will be charged on a loan, use the quick and easy formula known as simple interest. For the purpose of calculating simple interest, the daily interest rate, the principal, and the number of days between payments are multiplied.

A loan's principal or the first deposit into a savings account serves as the basis for simple interest. Because simple interest doesn't compound, a creditor would only pay interest on the principal sum, and a borrower will never have to pay interest on the interest that has already accrued.

Learn more about simple interests, from:

brainly.com/question/25845758

#SPJ1

You might be interested in
QUESTION 25
Ipatiy [6.2K]

Answer:

160

Explanation:

Given: CPI basket contain 400 oranges and 800 pens.

          In the base year, price of oranges is $1 and pen is $0.75.

          This year urban customer buy oranges at $2 each and pens at $1 each.

To find consumer price index (CPI), we need to check price of basket in current year and base year.

∴ Current year´s price for 400 oranges and 800 pens = 400\times 2= \$ 800\\800\times 1= \$ 800

Now, adding the price to get cost of basket

Cost of basket in current year= 800+800= \$ 1600

Base year´s price for 400 oranges and 800 pens= 400\times 1= \$ 400\\800\times 0.75= \$ 600

Cost of basket in base year= 400+600 = \$ 1000

Next, calculating the CPI of this year

Formula; CPI= \frac{\textrm{ Cost of basket in current year}}{\textrm{ cost of basket in the base year}} \times 100

CPI for the year = \frac{1600}{1000} \times 100 = 160

∴ Consumer price index (CPI) = 160.

5 0
3 years ago
When assessing whether product release deadlines were met during the first three months of the year, the quality assurance (QA)
Amanda [17]
B because I believe I did this before
8 0
2 years ago
Suppose that borrowing is restricted so that the zero-beta version of the CAPM holds. The expected return on the market portfoli
Delvig [45]

Answer:

10.5%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

where,

Risk free rate of return = 7%

Market rate of return = 14%

And, the beta is 0.5

So the expected return is

= 7% + 0.5 × (14% - 7%)

= 7% + 0.5 × 7%

= 7% + 3.5%

= 10.5%

4 0
3 years ago
How can you estimate the total sales volume you can expect in your location?
kirill115 [55]

How can you estimate the total sales volume you can expect in your location? You can forecast your sales by figuring out your market. Depending on your market you can estimate how mant people are likely to purchase your product and how often. By using market trends and product testing it allows for a forecast of total sales over time and can let a business know how much to produce so that they are meeting demand.

4 0
3 years ago
Please help me :((
vlada-n [284]
Yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixnine yyyymoneymancanudancetekashiesixninediideboppp
3 0
3 years ago
Other questions:
  • The last element of a formal business letter should be the salutation followed by your signature.
    5·1 answer
  • Ms. Crocker bought 1,000 shares of EMO Corporation stock for $10,000 on January 20, 2017. On December 28, 2018 she sold all 1,00
    10·1 answer
  • Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies sug
    8·1 answer
  • The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? A. New-ho
    12·2 answers
  • Marcy listed her property with Jennings Homes in March. The market was slow, and Marcy's property isn't in great condition—thoug
    13·1 answer
  • Della Corporation is headquartered in Carlisle, Pennsylvania. Della has a Pennsylvania state income tax base of $433,500. Of thi
    5·1 answer
  • Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities.
    15·1 answer
  • Sam manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of ti
    9·1 answer
  • Reserves$72Checkable Deposits$240 Securities110Loans from Federal Reserve Banks2 Loans60 Consolidated Balance Sheet: Federal Res
    15·1 answer
  • hina's growth rate of real GDP in 2005 and 2006 was 10.5 percent a year and its population growth rate was 0.5 percent a year. I
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!