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
Alexandra [31]
3 years ago
7

You are tearing down a building and find $1 in change that someone lost when working on the building 140 years ago. If, instead

of being careless with the $1 in change, this person had deposited it into a bank and earned 2 percent interest every year for 140 years, how much would be in the account today according to the rule of 70?
a. $8
b. $32
c. $4
d. $16
Business
1 answer:
igor_vitrenko [27]3 years ago
6 0

Answer:

The correct answer is D: $16

Explanation:

The rule of 70 is a means of estimating the number of years it takes for an investment or your money to double.

Number of Years to Double= 70/Annual Rate of Return

In this exercise= 70/2= 35 years

Every 35 years the investment duplicates.

35 years= $2

70 years= $4

105 years= $8

140 years= $16

You might be interested in
Productivity in the service sector is difficult to measure because new technology adds to:
zvonat [6]

Productivity in the service sector is difficult to measure because new technology adds to quality of services provided.

<h3>What is productivity?</h3>

Productivity is defined as the efficient way of producing goods and services. Productivity occurs when the input to a system matches the output.

When technology is added to productivity, the service sector finds it difficult to measure due to the quality of the services provided

learn more on productivity here; brainly.com/question/2992817

#SPJ12

8 0
2 years ago
_____ is a term that describes a situation in organizations when there is a variety of demographic, cultural, and personal diffe
Iteru [2.4K]

Answer and Explanation:

c. Diversity

3 0
3 years ago
Hello friends , please follow me so that we can be friends.
Klio2033 [76]

Answer:

I also love making friends dude ✌✌I will surely follow you

6 0
3 years ago
Read 2 more answers
Exam early childhood education
Rashid [163]
Idk whats your qwestion
3 0
3 years ago
Lyons Company deducts insurance expense of $210,000 for tax purposes in 2018, but the expense is not yet recognized for accounti
djyliett [7]

Answer:

The total income tax expense for 2019 =152.000. Is not available in the options given by the exercise.

Explanation:

  • Tax on insurance expense deductible for accounting purposes in 2019= 70000*40%=28.000

  • Income tax expense for 2019 = 180.000-28.000=152.000

4 0
3 years ago
Other questions:
  • Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $70,000 or $200,000 with equal p
    9·1 answer
  • The stock of Wheel Corporation, a U.S. company, is publicly traded, with no single shareholder owning more than 5 percent of its
    15·1 answer
  • Which of the following statements is CORRECT?
    11·1 answer
  • U.S. sugar import quotas have existed for more than 50 years and preserve about half of the U.S. sugar market for domestic produ
    9·1 answer
  • Imagine your boss wants you to investigate ways your company might be able enhance customer satisfaction, create an attractive l
    11·1 answer
  • Jameson works for Fishy-Mart Corporation, a chain of superstores that sell large quantities of seafood. His job is to locate fut
    11·1 answer
  • If the interest rate is 8%, what is the 4-year discount factor? What is the 4-year annuity factor? What is the relationship betw
    5·1 answer
  • A $1,000 par bond with a semi-annual coupon and 12 years to maturity is currently priced $880 and has a yield to maturity of 5.3
    15·1 answer
  • The last step in the decision-making process is where you_____your decision, This helps you to look back on your decision and de
    12·1 answer
  • When conducting an independent audit the accountant is to evaluate a company's financial statements and?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!