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
Gre4nikov [31]
3 years ago
14

PLZZZ HELP, i have limited time and i will give brainliest.

Business
1 answer:
Schach [20]3 years ago
5 0

Answer:

Q1. Selena will have earned <em><u>$ 25.00</u></em> in interest by the end of the year.

Since interest paid is 5% in simple interest, we can calculate that by using the formula:

SI = (P)(r)(t)

SI = (500)(0.05)(1) = 25

Q2. The balance in Suki's account at the end of two years will be <em><u>$866.2854.</u></em>

This means that she will have earned <em><u>$66.2854</u></em>  in interest.

Since interest is compounded quarterly, Suki will receive interest for 8 periods. The formula for compound interest with more than one interest period per year is:

\mathbf{A = (P)*(1+(\frac{i}{m})^{n*m}}

where

A is the amount at the end of the period

P is the principal

i is interest rate per annum

m is number of compounding periods in a year

n is number of years

Substituting the values in the formula above we get,

A = (800)*(1+(\frac{0.04}{4})^{2*4}

A = (800)*(1.01)^{8}

\mathbf{A = 866.2853645}

Now, we calculate the interest earned by doing \mathbf{CI = A -P}.

\mathbf{CI = 866.2854- 800 = 66.2854}

Q3. It will take <em><u>18 years</u></em> for the money to double to $100.

Since we need to use the rule of 72, we'll divide 72 by the interest rate to determine the number of years needed to double the investment's value.

So, the number of years is \frac{72}{4} =18.



You might be interested in
The inventory costing method that reports the earliest costs in ending inventory is:_______
nikdorinn [45]

Answer:

a. LIFO.

Explanation:

The LIFO method refers to an inventory method that means the item which is last purchased should be sold first during the period of time. So in this inventory method the earliest cost in the closing inventory should be recorded

Therefore the given situation, the correct option is a.

And, the other options are wrong

4 0
3 years ago
Who pays the tax does depend on who writes the check to the government?
mina [271]
Who pays the tax does NOT depend on who write the check to the government.
Who pays the check ultimately depend on the elasticity of supply and demand. This is because, suppliers have several ways of passing the taxes levied on them by the government to the consumers in form of increase in price of their products. But this also depend on the elasticity of the products, because if the prices are too high, some customers may decide to buy somewhere else or to go for a substitute.<span />
4 0
3 years ago
How do information systems improve relationships between businesses and customers?
Alisiya [41]
I think the answer is A
4 0
3 years ago
Read 2 more answers
The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the foll
borishaifa [10]

Answer:

Explanation:

The preparation of the 2021 EPS presentation for the Esposito Import Company is shown below:

Income from continuing operations                           $7 million

Less: Loss from discontinued operations                  ($1.4 million)

Net income                                                   $5.6 million

Now the earning per share would be

Earning per share = (Net income) ÷ (Number of shares)

                              = ($5.6 million) ÷ (1 million shares)

                              = $5.6 per share

5 0
3 years ago
Ezra runs a gyro stall at a farmers market
olga nikolaevna [1]
The rest of the question?
8 0
3 years ago
Other questions:
  • The adjusted trial balance for Marigold Corp. at the end of the current year, 2021, contained the following accounts. 5-year Bon
    13·1 answer
  • Having struggled with panhandlers on the subway, hassles at the office, and telephone calls at dinner, allison retreats to her b
    14·1 answer
  • Your accountants tell you that it costs $400 to set up an immunization program at a preschool and immunize one child against pol
    13·1 answer
  • Quantitative Problem: Jenna is a single taxpayer with no dependents so she qualifies for one personal exemption. During 2013, sh
    15·1 answer
  • Characteristics of customer _____ include customer retention and loyalty, customers’ willingness to make an effort to do busines
    9·1 answer
  • Which question can help a writer analyze a prompt and develop a claim for an argumentative essay?
    12·1 answer
  • What do you mean by consistency in accounting ?
    7·2 answers
  • ________ is shown on a multiple-step but not on a single-step income statement.
    9·1 answer
  • How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitiv
    15·1 answer
  • A(n) _____ strategy is appealing because it attracts two distinct market segments: those who are not price sensitive along with
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!