3 years ago

If Sam invested $3,000 and he earned $300 over six months, the principal is _____.

1 answer:

6 0

When we say the principal amount, we are talking about the amount that was initially invested. So if we say that Sam invested 3000 in an investment opportunity and earned 300 in six months, the 3000 is the principal amount and 300 is the profit.

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The answer is C.

The market has not reached equilibrium and a price adjustment will help prevent a shortage.

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3 years ago

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Briyana has $150, and she needs to save at least $560 for a spring break trip. if she can save $45 per week, how long will it ta

miv72 [106K]

Answer is 9.11 weeks
( or rounded up to 10 weeks depending on the instructions. 9 will be short of her goal, 10 will be over her goal)

Step by step

We can use y intercept to find this

y = mx + b

We know y = $560 needed

We know the rate (m) is $45 per week

We know her starting point (b) is $150

$560 = $45x + $150

Subtract 150 from both sides to isolate variable x

$560 - 150 = $45x + 150 - 150

$410 = $45x

Now divide both sides by 45 to solve for x

$410/45 = 45/45 x

X = 9.11 weeks

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1 year ago

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All of the following are inventory accounts for a manufacturer except: Multiple choice question. indirect materials inventory fi

skelet666 [1.2K]

Answer: Indirect Materials Inventory

Explanation:

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2 years ago

Garda purchased $530,000 of merchandise in August and expects to purchase $670,000 in September. Merchandise purchases are paid

pashok25 [27]

Answer:

$579,000

Explanation:

The cash payment in September would be made of 35% purchases in September and 65% of the purchase made in August (the previous month).

Hence

Cash payment in September = (35% × $670,000) + (65% × $530,000)

= $579,000

the cash payment for September is $579,000

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4 years ago

Mr. Jagger is purchasing a $3,000,000 home by borrowing 80% of the purchase price. His loan terms are: 15 years amortization, mo

lions [1.4K]

Answer:

Monthly payment= $18,979.05

Explanation:

Giving the following information:

Loan (PV)= 3,000,000*0.8= $2,400,000

Monthly interest rate (i)= 0.05/12= 0.00416667

Number of periods (n)= 15*12= 180 months

<u>To calculate the monthly payment, we need to use the following formula:</u>

Monthly payment= (PV*i) / [1 - (1+i)^(-n)]

Monthly payment= (2,400,000*0.00416667) / [1 - (1.00416667^-180)]

Monthly payment= $18,979.05

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3 years ago