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DIA [1.3K]
3 years ago
13

Fred ran short on cash and borrowed​ $300 through a payday loan company. the company charged him a fee of​ $60 to borrow the​ $3

00 for 14 days. using the simple interest method calculate what interest rate was fred charged for the aforementioned loan.
Business
1 answer:
Ne4ueva [31]3 years ago
3 0
<span>The answer is 1.43 % per day. Calculations: Formula for simple interest: I=PRT, where I=interest; P= borrowed amount; R=rate of interest in percentage; T=time for repayment hence; P=$300, I=$60, T=14 days, then R=? R={(I/PT) *100)}% per day={(60/300*14)*100}=1.43 % per day interest rate (R) that Fred was charged for the aforementioned loan was 1.43 % per day</span>
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In the Classical Theory, it is the price-wage-interest rate _____________ that restores the economy to full employment if Househ
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Answer:

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According to classical economists, the price-wage-interest rate flexibility refers to a combination of flexible factors that maintains economic stability:

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Therefore, if spending declines, the economy will self-adjust using flexible interest rates (interest rates should lower), flexible wages (wages should lower) and flexible prices (prices should lower) until the economy rebounds.

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The inventory loss should be recorded entirely in the second quarter that ends in 6/30/2015 since losses have to be recorded as soon as the company recognizes them. The other quarters should not reflect any of the losses associated with this event.

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I hope my answer helps you

3 0
3 years ago
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Employee morale at dos Santos, inc., is very high. this type of information is an example of <u>Qualitative Data</u>

<h3>Qualitative data: What are they?</h3>

Information that approximates and characterizes is what qualitative data are. Qualitative information can be observed and recorded. This particular data type is not numerical. This kind of information is gathered using focus groups, one-on-one interviews, observations, and similar techniques. In statistics, categorical data, or information that can be categorized based on the characteristics and traits of an object or phenomena, is often referred to as qualitative data.

It is frequently referred to as categorical data because qualitative data can be categorized.

Imagine a situation where a student reads aloud in class from a section of a book. A teacher who is listening to the reading offers feedback on the passage that the student read. An example of qualitative data is when a teacher gives feedback to a student without deducting points for fluency, intonation, word choice, or pronunciation clarity.

As a result, dos Santos, Inc. has exceptionally high employee morale. This kind of data is an illustration of qualitative data.

For more information on <u>Qualitative Data</u>, refer to the following link:

brainly.com/question/12929865

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