Answer:
1,386.67%
Explanation:
Loan Amount = $8.25
Repayment Amount = $10.45
Hence,
Interest for a week = Repayment Amount - Loan Amount
= $10.45 - $8.25
= $2.2
Interest percentage for a week:
=
=
= 26.66% (approx)
Number of weeks in a year = 52
Therefore,
Effective annual return:
= Interest percentage for a week × Number of weeks in a year
= 26.66% × 52
= 1,386.67%
Hence, effective annual return Friendly’s earns on this lending business is 1,386.67%
.
APR you are paying 1,386.67%.
Economists suppose that there are various
buyers and sellers in the marketplace which means that competition is
everywhere in the market which in turn allowed price to change in reaction to
changes in supply and demand. In Economics, there are some market structures that
describes how each structure compete in a different competitive situation.
Monopoly is one. Monopoly is one of
the market structures whereby there is one producer or seller which means, the
industry is the single business. This market structure prohibits others from
joining the market when a company has a patent or copyright.
Oligopoly is another market
structure where there are chosen few firms that make up an industry. Both market
structures have high barrier entries where competing markets for share are
interdependent as the consequence of market forces.
Answer:
(B) Inform.
Explanation:
Most business messages achieve nothing more than to inform. They explain procedures, announce meetings, answer questions, and transmit findings. Some however, are meant to persuade and that is by selling out products, increasing the morale of employees, convincing managers and gaining more customers. But most is still to inform as they announce meetings, answer questions, and transmit findings and these are called informative messages.
The statement that BEST argues that stock markets can be good for society is: C. The stock market allows individuals to invest more money.
<h3>What is stock market?</h3>
Stock market can be defined as the market in which stock transaction is carried out based on the fact that the market is use for the buying and selling of stock.
Stock market makes it possible for investor to invest their money so as to generate more money.
Therefore the correct option is C.
Learn more about stock market here: brainly.com/question/690070
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