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
dem82 [27]
3 years ago
12

If you invested $250 in a bank account for 2 years and received $7.50 in simple interest, what was the annual interest rate for

the account
Business
1 answer:
Pavel [41]3 years ago
3 0
Given:
initial investment: $250
term: 2 years
interest earned: $7.50

Because it was stated that $7.50 is the simple interest, we will use this formula:

Interest = Principal * Interest Rate * Term

7.50 = 250 * Interest Rate * 2
7.50 = 500 * Interest Rate
7.50 / 500 = Interest Rate
0.015 or 1.5% = Interest Rate

The interest rate for the initial investment of $250 for 2 years is 1.5%. Thus, it earned a simple interest of $7.50
You might be interested in
Bill gore believed in keeping operational facilities small due to his focus on high quality interpersonal relationships, and as
lorasvet [3.4K]

The level of organizational culture that is being described in the scenario above is the basic underlying assumptions in which this level focuses more on taking beliefs for granted in a way that they use their thoughts and feelings in a course of action in which Bill does because of his beliefs.

8 0
3 years ago
Read 2 more answers
Minors are liable for the reasonable value of the necessary:______.
kotegsom [21]

Answer:

b. that they agreed to purchase.

Explanation:

A minor is a person who is under the age of 18 and unable to make decision on his own such as mentally impaired or incompetent persons .

A minor cannot enter a contract like adults but if under any circumstance they enter into a contract of sale purchase of daily goods like clothing etc, they are liable to pay the price which they agreed to pay.

Their parents are liable only if the contract was made according to the parent's will etc.

If the minor is unable to pay the agreed amount then the minor should return the goods or fulfill any other liability as imposed by the court of law.

8 0
3 years ago
O'Neill, Incorporated's income statement for the most recent month is given below. The marketing department believes that a prom
Nesterboy [21]

Answer:

$1,800

Explanation:

Here Decrease or increase can be calculated as under:

Increase in Revenue                                                           $15,000

Increase in Variable Cost (72k / 100k * $15,000)             ($10,800)

Increase in Promotional Cost                                           <u>  ($6,000)  </u>

Net Operating Income Decrease                                        ($1,800)

Hence the decrease in Net Operating Income would be by $1,800.

Note: As the complete question is not provided and is not found online, almost similar question was picked from the internet. So make sure you account for of the differences.

The Numerical section of the question is given as under:

8 0
3 years ago
Whenever real GDPLOADING... ​declines, nominal GDPLOADING... must also​ decline."
Alex_Xolod [135]

Answer:

The correct answer is option B.

Explanation:

Real GDP is the inflation-adjusted measure of economic growth. It measures the change in output level at a constant price. It measures changes in economic output.

Nominal GDP measures change in output level based on current prices. It is not an inflation-adjusted measure of economic growth.

Real GDP changes with a change in output level. While nominal GDP can change with change in either output level or price. So it is not necessary that a decline in real GDP is accompanied by a decline in nominal GDP.

8 0
3 years ago
Which of the following items could be painted in a dark color to be on trend in 2020?
adell [148]
I think black toilets would be cool and a 2020 trend and if not hopefully in 2021
5 0
3 years ago
Other questions:
  • Hemming saw an advertisement for a Cadillac convertible once owned by the famous early rock ’n’ roll singer Elvis Presley. He co
    11·1 answer
  • The Classical Theory is based on the assumption that an economy has ______________ or, if nudged away, quickly returns to that c
    8·1 answer
  • Assume that interest rate parity exists and will continue to exist. The U.S. interest rate was 4% while the Singapore interest r
    8·1 answer
  • How is an online bank different from a retail bank? A. Online bank and retail bank refer to the same entity, so there is no diff
    7·2 answers
  • Layla Fox is a creative, imaginative, artistically sensitive individual who loves to take on new opportunities. She is a success
    9·1 answer
  • O ciclo operacional é a base para se calcular o ciclo financeiro que corresponde ao intervalo de tempo entre os eventos financei
    10·1 answer
  • Sheila was the most senior employee in the department and knew just about everything about everyone else's job. If all employees
    10·1 answer
  • During the "design" step of appreciative inquiry, participants ________.A) find a common vision of how the organization will loo
    9·1 answer
  • David wants to buy a pizza and go to the movies. However, he only has enough money to do one or the other. In order to decide wh
    15·2 answers
  • Brightstone Tire and Rubber Company has capacity to produce 179,000 tires. Brightstone presently produces and sells 137,000 tire
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!