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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:

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Explanation:

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Also, organizations analyze jobs to confirm that it is line with the company's current goals and objectives instead of a job that does not go in line with a company's current structure.

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A company planned to sell 100 canoes for the month of April at an average sales price of $600. Midway through the month, the com
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Answer:

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Explanation:

given data

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to find out

flexible budget amount for canoe sales revenue for April

solution

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3 years ago
What is meant by management being multidimensional​
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Answer:

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View image for journalized entry.

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