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
Lilit [14]
3 years ago
12

You deposit $4000 into a savings account. the account earns 2.75% simple interest. how long will it take to earn $220 in interes

t?
Business
1 answer:
Dovator [93]3 years ago
6 0
Simple interest means that you only need to find the interest once and then keep adding it on every year. In this case, the interest would be 2.75% of $4000 every year, which is 110. 

In 2 years, you'll have 220 because every year you gain 110 in interest.
You might be interested in
Were all loan proceeds used to purchase, build, or improve the home secured by this loan?.
8_murik_8 [283]

A loan is usually gotten from a financial institution to solve a financial emergency which was unplanned for.

<h3>What is a Loan?</h3>

This refers to the obtaining of money from a financial institution and a formal agreement is made for the repayment of the money after a given period of time and with interest.

With this in mind, we can see that loan proceeds can be used to:

  • Buy a house
  • Go on a trip, etc

Please note that your question is incomplete so I gave you a general overview to help you get better understanding of the concept.

Read more about loans ere:

brainly.com/question/25239160

7 0
3 years ago
Which of the following is an example of price discrimination? a. An online bookstore charges more for overnight shipping than st
Vladimir [108]

Answer:

c) Hotel rates for AAA members are lower than for nonmembers.

Explanation:

In business, the term price discrimination refers to the strategy by which the seller charges a different price for the SAME product because the seller knows that the client will pay that price. The key word of this definition is that the seller is offering the <u>same</u> service/product but at different costs

If we take a look at our options we can see that a) offers a different service (one is overnight shipping and the other is standard), b) also offers a different product (first-class seats vs. coach), finally, c) offers the same product (the same hotel rooms) but non members pay more for the rooms than AAA members.

Thus, the correct answer is c) Hotel rates for AAA members are lower than for nonmembers.

8 0
4 years ago
A company manufactures a product that has a design (nominal) target width of 5 inches with tolerances of + .05 inch. The process
lisov135 [29]

Answer:

a. The process is capable of meeting design specifications because the index is greater than 1

Explanation:

Missing word <em>"a. the index is greater than 1.0, b. the process is not capable of meeting design specifications because the index is less than 1.0, c. the process is capable of meeting design specifications because the index is twice the process capability ratio, d. none of the above"</em>

Process capability ratio (Cp) = (USL - LSL) / 6σ

- USL = 5+0.05= 5.05

- LSL = 5 - 0.05 = 4.95

- Standard deviation σ = 0.01

Process capability ratio (Cp) = 5.05 - 4.95 / 6*0.01

Process capability ratio (Cp) = 0.1 / 0.06

Process capability ratio (Cp) = 1.666666666666667

Process capability ratio (Cp) = 1.67

Process capability ratio Cp > 1. So, the Process is capable of meeting design specification.

5 0
3 years ago
Morris owns a bicycle store. he often leaves daniel in charge of the store. one saturday evening, after daniel leaves the store,
White raven [17]
If Daniel took the cash, he could be found guilty of the crime of embezzlement. Embezzlement is a specific type of theft. It is when someone was entrusted with someone else's property (like an employer) and they steal some/all for their personal benefit.

Hope this helps! :)
3 0
4 years ago
Read 2 more answers
The law of demand states that other things equal when the price of good rises the quantity demanded of the good falls and when t
grin007 [14]
True try using quizlet 
6 0
4 years ago
Other questions:
  • In the rush to get ready for lecture, a physics professor leaves the hair dryer described in the previous problem running and do
    13·1 answer
  • The total sales of a product that a firm expects to sell during a specified time period under specified environmentalconditions
    10·2 answers
  • The mission of a firm provides: a. a description of the activities that a firm performs for its customers. b. an outline of what
    5·1 answer
  • How does the assembly line benefit the economy?
    15·1 answer
  • Investing in yourself and your career often reguires you to "play it safe<br> true or false
    5·1 answer
  • Which of the following statements regarding budgets is true? a. Budgets are detailed forward-looking financial reports based on
    7·1 answer
  • Which parts of the electric circuit considered as fuse​
    9·1 answer
  • Can anyone help im stuck on this question
    13·2 answers
  • Tartan Industries currently has total capital equal to $10 million, has zero debt, is in the 40% federal-plus-state tax bracket,
    7·1 answer
  • Suppose that in a country with a closed economy, income is 256, consumption is 149, investment is 63, taxes are 78, and transfer
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!