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iren [92.7K]
3 years ago
6

troy has $1,250 in an account that pays simple interest of 8% annually b9w much interest will trot have earned by the end of the

year
Business
1 answer:
VikaD [51]3 years ago
4 0

Answer:

$100

Explanation:

Simple interest is calculated using the formula

I = P x R x T

where I = interest

P= principal amount, $1,250

R= interest rate , 8% or 0.08

T = Time,  one year

The interest troy will earn is

I= $1250 x 0.08 x 1

= $100

Troy will earn $100 as interest

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AP Kelly Jones and Tami Crawford borrowed $15,000 on a 7-month, 8% note from Gem State Bank to open their business, JC's Coffee
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Answer:JC Coffee house journal$

Date

a. June 1 2022

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Narration. Acquisitions of $15,000, 8%, 7c months loan.

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Gem bank Cr. 1200

Interest on loan for the month of June

C. Interest as at December 31 2022

8% * $15,000*7

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3 0
2 years ago
A decrease in supply would best be reflected by a change from
Sergeu [11.5K]

When there is a decrease in supply, it would be reflected by a change from Curve A to Curve C.

<h3>How are supply decreases reflected?</h3>

When supply decreases, it leads to the supply curve shifting to the left to show that there is a lesser quantity available.

In the graph therefore, a decrease in supply would be shown as a shift from Curve A to Curve C or Curve B to Curve A.

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6 0
2 years ago
Jayden was feeling pressured into buying a service plan for his new car. What right should Jayden exercise?
Naya [18.7K]
I would go with C and A. but as i went through with that one day i would prefer C so, its C
5 0
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Read 2 more answers
2. An open-end mutual fund has the following stocks: Stock Shares Stock Price A 13,500 $83 B 33,000 16 C 20,000 59 D 71,000 21 T
Ivenika [448]

Answer:

NAV=$63.114615

The NAV of the fund=$63.114615

Explanation:

Stock             Shares        stock Price

A                    13,500          $83

B                    33,000          $16

C                    20,000         $59

D                    71,000          $21

Total Assets= (  13,500*$83)+(   33,000*$16)+( 20,000*$59)+(71,000*$21)

Total Assets= $4,319,500

Formula for NAv:

NAV=\frac{Total Assets-\ Liabilities}{Total/ Shares}

NAV=\frac{\$4,319,500-\$215,000}{65000}

NAV=$63.114615

The NAV of the fund=$63.114615

6 0
2 years ago
Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled,
timurjin [86]

Answer:

$2,000

Explanation:

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= 0.333 × 6,000

= $2,000

Therefore for computing the total amount of maintenance cost we simply applied the above formula.

8 0
2 years ago
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