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TiliK225 [7]
3 years ago
8

How many days will it take for $1500 to earn $16 interest if it is deposited in a bank paying simple interest at the rate of 4%/

year? (Use a 365-day year. Round your answer up to the nearest full day.)
Business
1 answer:
JulsSmile [24]3 years ago
8 0

Answer:

97 days

Explanation:

In simple interest method, the interest is calculated by the following formula

I= P x R x T

I= interest

P = principal amount

R =interest rate

T= Time

In this case

I=$16

P=$1500$

R= 4% or 0.04%

T= time

$16= $1500 x 0.04 x Time

$16 =60 x Time

Time = 16/60

time = 0.2666 year.

time in days =  0.26666 x 365 days

=97.333 days

=97 days

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Answer:

The correct answer is (B)

Explanation:

Gross domestic product is the economic value of goods and commodities produced within the country in a specific period. GDP per capita is calculated by dividing GDP by the total number of population.  In 1950 the GDP of American was 6000$, and in 2013 it was 48000$.

6000$ * 8 =48000$

An average American could buy 8 times more than the average American in 1950.

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D) 10-year, zero coupon

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Why should games be forbidden on school property
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Answer:

Explanation:

Games on school property redirect the attention of the students to the games, instead of learning. They cause further disobedience and will often be snuck out to play during class. The students will be distracted and will not learn anything from the time spent in school.

6 0
3 years ago
Amy and Todd Irving's monthly expenses for June, July, and August are as follows: June: $3,260, July: $3,537, and August: $3,430
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The correct answer is $3409

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The average refers to the number or value that represents the "mean" or "middle point" in two or more values. Moreover, the general rule to find this value is to add all the values, in this case, it is necessary to add the expenses of the three months, and then divide the total by 3 (number of values) as there are three months. The process is shown below:

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The demand curve facing a perfectly competitive firm is:
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