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
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

You might be interested in
The controller of Crane Industries has collected the following monthly expense data for use in analyzing the cost behavior of ma
Anna [14]

Answer:

Variable cost per unit= $6.6 per unit

Explanation:

Giving the following information:

January: $2,880 330

February: $3,180 380

March: $3,780 530

April: $4,680 660

May: $3,380 530

June: $5,520 730

To calculate the unitary variable cost, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,520 - 2,880) / (730 - 330)= $6.6 per unit

4 0
3 years ago
A group of management consultants is studying OGSI Manufacturing and its team management strategy. Once Pete Jazoni's work group
boyakko [2]

Answer:

the Hawthorne effect

Explanation:

The Hawthorne Effect is the theory that states that people are more likely to modify their behavior because they are under study or evaluation and not as a result of response to stimuli.

Therefore, according to the given question, Pete Jazoni's output nearly doubled once it was selected for special attention by experts. This is an example of the Hawthorne effect.

7 0
3 years ago
A mortgage is a legal agreement between a borrower and a
djyliett [7]
Lender
which is usually the bank
7 0
3 years ago
Read 2 more answers
Susan orders five table settings of china from bone china. each set includes a dinner plate, cup & saucer, bowl, and dessert
lianna [129]
No, she can’t do that because the person who ordered the table settings paid for what they were supposed to send so she needs to of sent them if not that’s false advertising.
6 0
3 years ago
Terrel is designing and maintaining a web page for a local company. In which career pathways would Terrel be involved?
icang [17]

Answer: Information Support and Services, and Programming and Software Development

6 0
3 years ago
Other questions:
  • PPG Industries, the Pittsburgh-based manufacturer of paints, coatings, optical products, specialty materials, chemicals, glass,
    5·1 answer
  • A Super Happy Fun Ball is dropped from a height of 10 feet and rebounds 13/14 of the distance from which it fell. How many times
    9·1 answer
  • What is remittance advice note ?​
    14·1 answer
  • Assets are equal to
    9·2 answers
  • Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, in
    6·1 answer
  • Whats y'alls fav basketball team?
    9·2 answers
  • C) Tình hình SX của DN Y trong năm báo cáo như sau:
    8·1 answer
  • What’s the answer???
    9·1 answer
  • Define nongovernment organizations
    12·1 answer
  • Organizational purpose serves as the basis for an organization's ______. (select all that apply)
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!