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Svet_ta [14]
3 years ago
7

Question 4 (multiple choice)

Business
1 answer:
saw5 [17]3 years ago
3 0
Exact interest means that there are 365 days in a year
Now use the formula of simple interest
I=p×r×(t/365)
I interest earned 2000
P amount of the loan 7300
R interest rate 0.08
T time t days
Solve the formula for t to get
T=[I÷(pr)]×365
T=(2,000÷(7,300×0.08))×365
T=1,250 days

Hope it helps!
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Accrual based accounting requires that the services should be performed or rendered associated with the revenue when you recognize it. It  does not matter when the cash for the revenue is received. You may received the cash in advance or after some time from you rendering services. As your render the services you can record your revenue.

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galben [10]

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<h3>What is lifestyle segmentation?</h3>
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Know more about lifestyle segmentation here:

brainly.com/question/13686011

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