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
Dima020 [189]
3 years ago
8

You borrowed $2,500 from your grandmother. You agreed to pay back the loan with a single payment at the end of five years. The i

nterest rate was set up at 2% per year. How much will you owe your grandmother when you pay off the loan
Business
2 answers:
Mariana [72]3 years ago
5 0

Answer: $2,750

Explanation: This is a simple interest problem, we calculate thus:

Principal = $2,500

Time = 5 years

Rate = 2%

Formula:

I = (P x R x T)/100

I = (2,500 x 2 x 5)/100

I = 25,000/100

I = 250.

Therefore the amount that will be owed at the end of 5 years is:

$2,500 + $250 = $2,750.

Lerok [7]3 years ago
3 0

Answer:

$27,500

Explanation:

We can us simple interest to solve the question because it is the tool that be used in this cases

To solve this , we have the formula of simple interest as

I = (Principal ×rate × time )÷100

We given the following as;

Principal = $2,500

Rate = 2%

Time = five (5) years

Substituting the values into the formula we have

I = ($2,500× 2× 5)÷100

I = $25,000÷100

I = $250

Now the total money that will be returned to grandmother will be addition of principal and simple interest which is

= $2,500+$250

= $27,500

You might be interested in
Insurance is an example of a(n)_______
Andre45 [30]

Answer:

Based on my research I believe that the answer is 'A. Fixed Cost'.

Explanation:

I hope this was helpful, have a blessed day.

8 0
3 years ago
Read 2 more answers
People who are not currently employed but say they want a job are counted as unemployed only if they _____
shtirl [24]

Answer:

B

Explanation:

a. have previously held a job.

b. are actively seeking employment at least in the past 4 weeks.

c. are only willing to accept a reasonable offer.

d.are more than 21 years of age.

A person is unemployed if she does not have a job but is actively seeking employment

types of unemployment

structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.  

The geologist lost his hob permanently due to increase in wages (polices)

Frictional unemployment:  the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.

Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.

3 0
3 years ago
Which of the following is a problem associated with the rational method of developing questionnaire items?
7nadin3 [17]

Answer:

2. Participants might give socially desirable or false answers rather than honest ones because the questions are transparent.

Explanation:

A questionnaire comprises of questions in open-ended or closed-ended formats used to effectively get informations from a selected sample size in a specific period of time. When designed correctly or properly, questionnaires can be used to gather user data(thoughts, views, opinions) in a short period of time.

The problem associated with the rational method of developing questionnaire items is that participants might give socially desirable or false answers rather than honest ones because the questions are transparent.

8 0
3 years ago
Which of the following statements is true about an ATM card?
Vinvika [58]

you did not provide any statements but ik it can put you in debt

8 0
3 years ago
This sounds MOST like an argument against A) free trade. B) import quotas. C) market economics. D) unbridled competition.
aalyn [17]

Answer:

idk

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following is NOT an advantage of budgeting?
    11·1 answer
  • Why haven't the changes to campaign finance laws passed in 2002 been effective in stopping the flow of soft money?
    13·2 answers
  • Mesia has come to you for help. For the third time this month, she has recorded a cash receipt twice. She wants you to record a
    8·1 answer
  • I WOULD LOOOOVE IF SOMEONE COULD ANSWER THIS RIGHT AS SOON AS THEY CAN !!!!!!The taxpayer identification number for partnerships
    8·2 answers
  • Solutions Group managers suggest that clients consider doing a resonance test when designing advertising, because this will help
    12·1 answer
  • The degree of financial leverage for ABC Inc. is 2.5, and the degree of financial leverage for XYZ Corporation is 1.5. According
    11·1 answer
  • Joe Downey is currently 65 years of age. He is currently drawing $20,000 a year out of his IRA. He expects to live to 100 and wa
    11·1 answer
  • Can someone plz be my friend?<br> I'm so lonely and sad. :'( plz help me cure my boredom and sadness
    15·2 answers
  • According to the growth accounting studies, if you lived in a country where illiteracy was high and 40% of the children left sch
    5·1 answer
  • Office with demarcation is known as what​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!