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
shepuryov [24]
3 years ago
5

Mia has an investment that is worth $12,000 after 4 years. If the initial investment was $8,000, what is the annual simple inter

est rate?
Business
1 answer:
Alexus [3.1K]3 years ago
6 0

Answer: 12.5 %

Explanation:

Hi, to answer this question we have to apply the simple interest formula:  

I = p x r x t  

Where:  

I = interest (investment after interests - principal; 12000-8000=4000)

P = Principal Amount (initial invest)  

r = Interest Rate (decimal form)  

t= time  

Replacing with the values given  

4,000= 8,000 (x) 4

Solving for x :

4,000= 32,000x

4,000/ 32,000 =x

x= 0.125

Since the interest rate is in decimal form, we have to multiply it by 100 to obtain the percentage.

0.125 x 100 = 12.5 %

Feel free to ask for more if needed or if you did not understand something.  

You might be interested in
a Shannon has been a member of her school's newspaper club for 2 years and attends writing workshops in her free time. Which car
boyakko [2]

She could look into both option B and D but I’m leaning more towards D as She could use her writing and English skills to compose formal documents and prepare motivational and persuasive speeches. And her initiative and independence would also be solid qualities to have for a business manager.

4 0
3 years ago
The Wall Street Journal provides a set of guidelines each year for purchasing a laptop computer. The guidelines include recommen
timofeeve [1]

Answer:

D. Evaluative Criteria

Explanation:

Evaluative criteria are standard measures established to evaluate various products by the buyers when choosing between alternatives. It can either be objective or subjective.

The wall street journal is giving the consumers attributes of various laptops (product) in order for them to evaluate and choose the one they want.

5 0
4 years ago
Diane Fisher of ABC Research determined that her lent's problem was lack of knowledge about customer preferences for features on
Fudgin [204]

Answer:

D

Explanation:

In the above scenario, Diane's decision to gather preference information for the product features is an example of her Determining Research Objectives. Thus option D is the right option.

Cheers

6 0
3 years ago
Read 2 more answers
FTYZ Transport Inc. was supposed to pay wages amounting to $1,500 in March, which was the last month of its accounting period. H
leva [86]

Answer: Wages account debit

Wages payable account credit

Explanation:

Sdjusting entries are simply referred to as the journal entries that are made when the accounting period ends such that there is allocation of the income and the expenditure incurred by the economic agent to the period in which the income and the expenditure occurred.

In this case, the adjusting journal entry passed by the accountant will be to debit the wages account by $1500 and then credit the wages payable account by $1500.

7 0
3 years ago
You have $35,900 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,200 and then depo
maw [93]

Answer:

Explanation: from the question above, disbursement for the period is check for $4,200.

Collection for the period is a check for $6,800.

Net float is $35,900 + $6,800 - $4,200. = $38,500

5 0
3 years ago
Other questions:
  • Why do Marketers use perceptual maps as a means to display or graph in two dimensions the location of products or brands?
    9·1 answer
  • The efforts of global companies to reach low-income consumers in emerging markets highlight the importance of skillful global ma
    8·1 answer
  • On the balance sheet after adjusting entries are made, the amount shown for the allowance for doubtful accounts is equal to the
    7·1 answer
  • Based on what you've noticed from observing the population statistics for countries of the world, what can you say about what is
    6·1 answer
  • Carson Corporation stock sells for $35 per share, and you’ve decided to purchase as many shares as you possibly can. You have $5
    10·1 answer
  • Which of the three factors of production do you think is most important to economic success? Why?
    14·1 answer
  • Frank asked his company's employee benefits director if his group health coverage could be converted to individual coverage. the
    8·1 answer
  • Which of the following would constitute a technological improvement?
    11·1 answer
  • The CEO of TruTone Manufacturing tells her executive management team that the company must become more agile to stay competitive
    5·1 answer
  • creative textiles inc. manufactures cloth and buys the chemical dyes for its use from california chemicals inc. california chemi
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!