To find simple interest:
Time = Interest/(Principle)(Rate)
Interest is the amount of interest paid
Principle is the amount you lent or borrow
Rate is the percentage of principle charged as interest each year
Time is the years of the loan
P=Principle amount of $1,500
I=Interest amount of $1,200 (Take the new amount of $2,700 and subtract from the principle that is $1,500 which gives you $1,200)
r= as a decimal .15 (15%/100)
t=unknown
T=I/PR
T=1,200/(1,500)(.15)
T=1,200/225
T=5.3 years
It would take Lance roughly 5.3 years
<span>A lack of trust between two parties engaged in international trade is exacerbated by the </span><span>problems of using an underdeveloped international legal system to enforce contractual obligations. When a strong internal legal system is put place, there is a better chance for trust to be held in trading. When doing international trade both parties need to understand their roles and responsibilities and hold up to the end of the deal. Without trust it's likely the two countries will stop trading with one </span>another.
Answer:
It is not advisable to buy the food truck, since over the 4 years of investment it will show a loss of $ 40,000.
Explanation:
Since Eat at State is considering buying a new food truck, and it will cost $ 65,000, but is expected to generate $ 20,000 in sales over the next 4 years, and at the end of the 4th year, the truck will be sold to Eat Like a Wolverine in Ann Arbor for $ 10,000 (after taxes), and it will require $ 5,000 in additional Net Working capital that will not be recovered when the truck is sold, and the Dean of Food Services will only authorize the purchase if it is cash positive by the end of the 4th year, to determine, using the payback period method if the truck should be purchased and why, the following calculation must be performed:
-65,000 + 20,000 + 10,000 - 5,000 = X
-70,000 + 30,000 = X
-40,000 = X
Therefore, it is not advisable to buy the food truck, since over the 4 years of investment it will show a loss of $ 40,000.
Answer:
Yes
Explanation:
Yes, it should be counted in the GDP. Mainly because the GDP revolves around measuring the total income earned and spend from products or services. When you work for an employer you are receiving income from that employer and benefits would also be considered part of your income. Even though these benefits are being paid by your employer they are still considered income, and you would still be paying for these services yourself if the employer was not paying them. Therefore, it would make sense that it is included as received income and counted towards the GDP.
Answer:
total dollar amount he earned this month is 946 - 2 t
Explanation:
given data
tutor = $9
waiter = $11
total time = 86 hours
to find out
total amount earned
solution
as given we consider here no of hours as tutor work = t
so as waiter he work for no of hours = ( 86 - t )
so here
total amount is earned is 9 × t + 11 × ( 86 - t )
total amount is earned = 9 t + 946 - 11 t
total amount is earned = 946 - 2 t
so total dollar amount he earned this month is 946 - 2 t
