Answer:
Nico invest $2500 at 9% interest rate and $800 at 4% interest rate.
Explanation:
He invests some money at 9%, and $1700 less than that amount at 4 %.
Let Nico invest $x at 9%.
It means he invest $( x-1700) at 4%.
The investments produced a total of $257 interest in 1 yr.
Add 68 on both sides.
Divide both sides by 0.13.
Nico invest $2500 at 9% interest rate.
Nico invest $800 at 4% interest rate.
Therefore Nico invest $2500 at 9% interest rate and $800 at 4% interest rate.
Answer:
The largest amount by which the money supply can increase is $1,875
Explanation:
According to the given data, we have the following:
Checking/Demand Deposit = $150 (which is assumed to be the part of new money supply)
Required reserve ratio = 8% = 0.08
Therefore, first we need to calculate the money supplier as follows:
Money multiplier 1/rr
Money multiplier = 1/0.08
Money multiplier = 12.5
Hence for $150 deposited the money supply will increase by $(150×12.5) =$1,875
The largest amount by which the money supply can increase is $1,875
Answer:
correct option is B.$2,273
Explanation:
given data
purchased = $150,000
building = $100,000
land = $50,000
to find out
Tom's maximum depreciation for this first year
solution
we will apply here The mid month convention applies
and recovery period for Residential property = 27.5-year
maximum depreciation will be here as
maximum depreciation = $100,000 × 2.273%
maximum depreciation = $100,000 × 0.02273
maximum depreciation = $2,273
so correct option is B.$2,273
Answer:
1.
Explanation:
IT WOULD BE GOOD TO PLANT CITRUS IN THE AREA WHERE AVALIABILITY OF SPRINKLERS IS AMPLE.
THEREFORE,THE ROOTS OF THE PLANTS WOULD GET AMPLE OF WATER FOR THE GROWTH OF PLANT.
Answer:
96.57%
Explanation:
The most efficient capacity utilization rate is 100 units per hour.
The firm used 175 hours and produced 16,900 units in total.
If it had used the hours in the most efficient way, it would have produced a total of:
175 hours x 100 units per hour = 17,500 units
The 16,900 units that it actually produced, as a percentage of the 17,500 units that the firm could have produced is equal to:
16,900 x 100% / 17,500 = 96.57%.
Thus, the capacity utilization rate is 96.57%.
