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
Savatey [412]
3 years ago
11

1. What is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.0

8 $8.16 $4.00 2. What is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. A business just took out a loan for $100,000 at 10% interest. If the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. What is the annual percentage yield (APY) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%
Business
1 answer:
Leona [35]3 years ago
7 0

Answer:

  1. $8.00
  2. $25.97
  3. $2500

Explanation:

1. The amount earned each year is 4% × $100 = $4. After 2 years, the account has earned 2×$4.00 = $8.00.

__

2. If the account earned simple interest, it would earn 8% × $100 = $8.00 each year. After 3 years, the interest would total $24.00. Since the interest is compounded, the interest also earns interest and the total amount of interest is more than $24.00. The appropriate answer choice is $25.97.

__

3. If the business had taken a year to pay off the loan, it would have paid in interest ...

  10% × $100,000 = $10,000

Since the loan was paid off in 1/4 year, the amount of interest paid is 1/4 that amount, so is

  (1/4) × $10,000 = $2,500

You might be interested in
Computer-mediated learning products-whether they are guided practice exercises, tutorials, simulations, games, hypertext, multim
enot [183]
The tutor and students. a computer system is a medium it's about business ethics class
6 0
3 years ago
Suppose that the price of a bottle of vitamins is $1.73 and that at that price the total quantity demanded by consumers is 75,00
Maru [420]

more firms will be opened than before cause there are more people in the world to buy them

7 0
3 years ago
What is cosideration
gizmo_the_mogwai [7]

he exchange of money and the receipt of the item is mutual consideration for the transaction. In every single agreement, there must be consideration in order for the agreement to be legally binding; it is a critical part of contract formation. ... In other words, each person in a contract must promise to do something.

4 0
3 years ago
Students who live on campus and purchase a meal plan are randomly assigned to one of three dining halls: the Commons, Northeast,
Brut [27]

Answer:

What is the probability that the next student to purchase a meal plan will be assigned to the Commons?a. 0.33

Explanation:

P(A) = (No. of ways A can occur)/(Total no. of possible outcomes)

P=1/3

P=0,333

5 0
3 years ago
Read 2 more answers
Dole Company uses the periodic inventory system. At the end of the accounting​ period, ending inventory is​ $10,000 and beginnin
Troyanec [42]

Answer:

The one entry is recorded

Explanation:

The journal entry is shown below:

Inventory A/c Dr (Ending inventory) $10,000

Cost of goods sold A/c Dr (Balancing figure) $94,000

      To Inventory A/c Dr (Beginning inventory)        $5,000

      To Purchase account                                          $99,000

In mathematically,

Cost of goods sold = Beginning inventory + purchase - ending inventory

                                = $5,000 + $99,000 - $10,000

                                = $94,000

4 0
3 years ago
Other questions:
  • Akila went to the store for furniture polish, carrots, pencils, ham, sponges, celery, notebook paper, and salami. She remembered
    6·1 answer
  • Let the equation c = 2.32 n + 34,180 represent the cost of raising a child, c, on an income, n. if the corlone family has an inc
    7·1 answer
  • The subject has $8,000 pool and a $2,000 chimney but no porch. a comparable that sold for $199,000 has a $3,000 porch but no poo
    12·1 answer
  • What is the proper economic term for money that is available for investment?
    6·1 answer
  • Charlotte was born to a lower class family in rural pennsylvania. after taking a job in the mail room of a large corporate offic
    7·1 answer
  • Lee qualified as head of a household for 2019 tax purposes. Lee’s 2019 taxable income was $100,000, exclusive of capital gains
    8·1 answer
  • Brief Exercise 4-09 At Raymond Company, the following errors were discovered after the transactions had been journalized and pos
    8·1 answer
  • As part of the initial investment, Ray Blake contributes equipment that had originally cost $96,100 and on which accumulated dep
    13·1 answer
  • Adjusting Entries On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for
    5·1 answer
  • What is missing from this goal that is preventing it from being a SMART goal?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!