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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.  

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What will happen if the value of the american dollar decreases
SSSSS [86.1K]

Answer:

If the money decreases things will be more harder and more expensive to buy

Explanation:

Pretend you have $10 and something you want is $10 it is easier to buy it when the value of money is higher and if the money is lower than it'll be harder to get $10 to buy the item you want

7 0
2 years ago
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Firms HL and LL are identical except for their financial leverage ratios and the interest rates they pay on debt. Each has $10 m
Bas_tet [7]

Answer:

0.1125 or 11.25% for each firm

Explanation:

Given that,

Each has $10 million in invested capital,

$1.5 million of EBIT

25% federal-plus-state tax bracket

ROIC for LL:

= [EBIT × (1 - tax rate)] ÷ invested capital

= [1.5 × (1 - 25%)] ÷ 10

= 0.1125 or 11.25%

ROIC for HL

= [EBIT × (1 - tax rate)] ÷ invested capital

= [1.5 × (1 - 25%)] ÷ 10

= 0.1125 or 11.25%

Therefore, the return on invested capital (ROIC) for each firm is 11.25%

6 0
3 years ago
Fill in both blanks with the correct terms: A _________ percentage of young people have debt than older generations, while their
Vinil7 [7]

Answer:

The correct answer is letter "C": Larger, lower.

Explanation:

According to different researches carried out across the U.S., young adults who are between 18 and 29 years old have a total debt to $1.05 trillion. Individuals' debt who are older than 70 is $1 trillion. The average debt amount that young adults (18-29) have is $22,000 while elder people from 50 years old and on is $36,000.

Then, <em>young adults have larger accumulated debt than elders and their debt amounts are lower as well.</em>

7 0
3 years ago
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Stephen is a new insurance agent with an established company.He is nervous at the idea of making cold calls on the telephone to
mafiozo [28]

Answer:

a. True

Explanation:

It is correct to say that Stephen is exhibiting a high level of hope because he had the idea of ​​organizing a small introductory meeting in order to introduce himself to local companies and thus break the initial nervousness that could occur if he did not previously know his potential client. With this introductory meeting for greater integration between him, who is the new insurance agent and the companies that are his potential clients, there may be greater interaction, greater possibility of closing deals and greater customer satisfaction, lessening insecurity, etc.

8 0
3 years ago
Let T1 be the time between a car accident and reporting a claim to the insurance company. Let T2 be the time between the report
mel-nik [20]

Answer:

5.7255

Explanation:

From the given information:

T_1 \to \text{time between car accident \& reporting claim} \\ \\  T_2 \to \text{time between reporting claim and payment of claim}

The joint density function of T_1 and T_2 is:

f(t_1,t_2) = \left \{ {{c \ \ \  0

Area(A): = 6\times 6 - \dfrac{1}{2}*2*2

= 34

The limits are:

\text{limits of } \ t_1   \ from \  0  \ is \   10 \to t_2  \\ \\ \text{limits of } \ t_2   \ from \  0  \ is \   4 \to 6

Also;

\text{limits of } \ t_1   \  is \   0 \to 6 \\ \\ \text{limits of } \ t_2   \  is \   0 \to 4

∴

\iint f(t_1,t_2) dt_1dt_2 =1 \\ \\ c \iint 1dt_1dt_2 = 1 \\ \\ cA = 1 \\ \\  \implies c = \dfrac{1}{34}

To find;

E(T_1+T_2) = \iint (t_1+t_2)c \  \  dt_1dt_2 \\ \\ \implies \dfrac{1}{34} \Big[\int \limits^4_0 \int \limits^6_0(t_1+t_2) dt_1 \ dt_2 + \int \limits^6_4 \int \limits^{10-t_2}_0(t_1+t_2) dt_1 dt_2 \Big] \\ \\ \implies \dfrac{1}{34} (120 + \dfrac{224}{3})  \\ \\ = \mathbf{5.7255}

4 0
3 years ago
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