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
Vanyuwa [196]
3 years ago
7

How many days will it take for a sum of $1300 to earn $16 interest if it is deposited in a bank paying simple interest at the ra

te of 4%/year?
Business
1 answer:
Sav [38]3 years ago
3 0
The formula is
I=prt
I interest earned 16
P principle 1300
R interest rate 0.04
T time t/365days
16=1300×0.04×(t/365)
Solve for t
T=(16÷(1,300×0.04))×365
T=112.3 days round your answer to get 112 days

Hope it helps!
You might be interested in
What level of education may be required for a career as a help desk associate?
hichkok12 [17]

<u>Answer:</u>

<em>A. Associate's degree program </em>

<em></em>

<u>Explanation:</u>

An associate degree is the main level of post-optional instruction that secondary school graduates can seek after at non-professional organizations of higher learning. Ordinary partner projects take two years to finish; therefore, adaptable online plans can be intended to assist you with graduating in as meager as the year and a half.

Since an associate degree educational program is regularly taken from and worked around few general training prerequisites expected to procure program of 4 years education, a partner degree may assist you with getting ready to finish a future four-year college education program.

3 0
3 years ago
Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 210,500 job
kow [346]

Answer:

Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 210,500 jobs. The NFP conventional contract pays out $85 for every job created in excess of the exercise price. a. What is the value of the option if job growth is 193,500.

The value of the option if job growth is 193,500 is $0.

Explanation:        

Since the job growth of 193,500 is less than the exercise price of 210,500 jobs, the value of the option on the contract in the given question is Zero.

Therefore, the value of the option if job growth is 193,500 is $0.

7 0
3 years ago
Read 2 more answers
Michael Company reports the following account balances at the end of the first year of​ operations: Revenues $ 160 comma 000 Cos
professor190 [17]

Answer:

$46,000

Explanation:

The computation of the total liabilities at the end of the first​ year is shown below:

We know that

Total assets = Total liabilities + stockholder equity

where,

Total assets = Cash + land + short term investment

                    = $102,000 + $40,000 + $14,000

                    = $156,000

Stockholder equity = Common stock + net income - dividend paid

                                = $50,000 + 72,000 - $12,000

                                = $110,000

So, the total liabilities would be

= $156,000 - $110,000

= $46,000

Working Note:

The net income is

= Revenue - cost of goods sold - Salaries Expense -  Utilities Expense - Advertising Expense ​

= $160,000 - $46,000 - $21,000 - $11,000 - $10,000

= $72,000

3 0
3 years ago
Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transa
KengaRu [80]

Answer:

Kindly see attached organized table for clarity.

                                                                 Item cash      Net income

a  Purchase of Supplies of cash                 -$133                   -

b  Adjusting entry for use of supplies            -                     -$31

c  Made sales on account                               -                   $1,297

d Received cash from customer on acct   $865                  -

e  Purchased equipment for cash             -$2,528                -

f   Depreciation of building to be recorded     -                  -$610

4 0
3 years ago
Oscar pistorius sport personalites , descrition of the situation he faced that were negetively exploited by the media
Sav [38]
Oscar Pistorius, the sports personality, faced a situation of a murder case that negatively exploited by the media. Oscar Pistorius is a South African sprint runner who competed in Paralympic events. He was convicted as a murderer for the murder case of his girlfriend, Reeva. There were many frenzied media that distract the trial process.
7 0
4 years ago
Other questions:
  • Replace an existing asset: You have a 2000 Nissan that is expected to run for another three years, but you are considering buyin
    7·1 answer
  • Assume milk is used to produce ice cream. Ceteris paribus, a decrease in the price of milk will cause the equilibrium price of i
    8·1 answer
  • Which clause in a mortgage allows a lender to increase the interest rate? A.) Defeasance B.) Escalation C.) Acceleration D.) Exc
    5·1 answer
  • For example, administrative expenses should be $3,700 per month plus $41 per course plus $7 per student. The company’s sales sho
    15·1 answer
  • PLS HELP 100 POINTS PLS HELP ME
    11·1 answer
  • When companies watch both their buyers and their competitors, they are called ________ companies.?
    7·1 answer
  • Jeff, an employee at Citrus Inc., hears about a change in the company's leave policy from one of his coworkers and shares this i
    13·1 answer
  • Capacity management, denominator-level capacity concepts. Match each of the following numbered descriptions with one or more of
    7·1 answer
  • Both international and domestic travel markets are important for the economy of a country since the international travelers inje
    9·1 answer
  • A sole proprietor in the 37% tax bracket pays her 16-year-old son a reasonable salary of $14,000 for services performed for the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!