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Serjik [45]
3 years ago
14

You decide you want to lend your friend $1234 for 3 years using 10%. Calculate how much does your friend have to pay you back wi

th simple interest vs. compounding interest?
Business
1 answer:
GrogVix [38]3 years ago
3 0

Answer:

With simple interest = $1,604.2

With compound interest = $1,642.454

Explanation:

Data provided in the question:

Amount lend = $1,234

Time = 3 years

Rate of interest, r = 10% = 0.10

Now,

<u>With simple interest :</u>

Interest = Principle × Rate × Time

= $1,234 × 0.10 × 3

= $370.2

Therefore,

Total amount paid = Principle + Interest

=  $1,234 + $370.2

= $1,604.2

<u>With compound interest :</u>

Amount to be paid = Principle × ( 1 + r )ⁿ

= $1,234 × ( 1 + 0.10 )³

= $1,234 × 1.1³

= $1,234 × 1.331

= $1,642.454

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Softa [21]

Answer:

True

Explanation:

Five Rules of Actional Thought is often referred to as Five Axiom of Decision Making. It includes the following:

1. Probability

2. Order

3. Equivalence

4. Substitution

5. Choice.

The Order Rule declared that one must be ready to have a decision order without any cycles. This can be expressed as follows: If an individual prefers A to B and B to C, he or she must prefer A to C.

Therefore, in this situation: Aaron prefers Qantas to Alaska, and Jet Blues to Qantas. However, since he would rather fly Alaska than Jet Blue because they have a better customer satisfaction rating, shows CYCLE in his decision order.

Hence, in this case, it is TRUE that this preference ranking violates the order rule of the Five Rules of Actional Thought.

5 0
3 years ago
Which of the following statements regarding PERT analysis is true? a. Each activity has two estimates of its duration. b. Projec
olganol [36]

Answer:

It's c.

Explanation:

Program Evaluation and Review Technique (PERT) is a method used in program management. It analyzes the time required to complete each task in a project and so tries to determine the minimum time to complete a project. It was developed by the US Navy in 1957.

In PERT analysis:

  • there are 3 time estimates for every activity: optimistic, pessimistic, and most likely
  • you have to find the Critical Path. The Critical Path is the longest path of scheduled activities that must be met in order to execute a project.  It is important to know because any problems on the critical path can prevent a project from moving forward and be delayed. Therefore only critical activities can contribute to the project variance.
8 0
3 years ago
What is the meaning of the X​-
natta225 [31]

Answer:

B. These are the limits of production if all resources are used to produce both goods.

Explanation:

The inerseption of PPF curve on the X & Y axis indicates the maximum quantities which can be produced when all the inpts are devoted to the production of that product only

8 0
4 years ago
A salesperson earns a weekly salary of $600 plus a commission of 1 percent of sales over $2,000. If he earned $650 in a certain
scoundrel [369]

Answer:

$ 7000

Explanation:

Given data;

Weekly salary of the salesperson = $ 600

Commission earned = 1 % on the sales over $ 2000

The amount earned by the salesman in the week = $ 650

Thus, the commission received = $ 650 - $ 600 = $ 50

Now,

let the amount over $ 2000 for which the commission of $ 50 paid be 'x'

therefore,

1 % of x = $ 50

or

0.01x = $ 50

or

x = $ 5000

Hence, the total sales was of $ 2000 + $ 5000 = $ 7000

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4 years ago
How different would your life be if there weren't social media platforms? Would your life improve? What would you miss?
Mars2501 [29]

Answer:

I think it would improve because then people will be more interactive and social and everyone will be way more kind and I think its just way better in every way be social media is addicting to people. do yee. =)

3 0
3 years ago
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