The balance in Marty’s account will be $1330
Simple interest= (P x R x T) / 100
Where,
P = Principal = $1,000
R= Rate = 7.2%
T = Time = 55 months = 4.583333 years.
Simple Interest = (1000 x 7.2 x 4.58) / 100
=$329.76 = $330 (approx.)
Amount = Principal + Simple Interest
=$1000 + $330
=$1330
What is Simple Interest?
Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, so a borrower will never have to pay interest on the interest already accumulated because a creditor will only pay interest on the principal amount.
How do I calculate simple interest?
Simplified interest (S.I.) is computed using the following formula: S.I. = P*R *T, where P stands for principal, R for the annual percentage rate of interest, and T for time, which is typically expressed as the number of years. Written as r/100, the interest rate is expressed as a percentage, or r%.
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Answer:
Many different things
Explanation:
There could be go carts, old people love to ride cars and go fast. Old people also do not like roller coasters that much so it has to be a simple ride. And women have sensitive bladder as they get older so they do not like to ride rides that much. So I think a fun ride would be go karts that go fast because those would be fun for older people.
Answer:
An income statement
Explanation:
An income statement is among the three financial statements that a company prepares to report its performance over an accounting period. The income statement shows whether a company made a profit or loss in a particular financial year. It is also known as a profit and loss statement.
The income statement is divided into three sections. The revenue section that displays all the income received, followed by the expenses section and the profit section. Profit or loss is determined by subtracting total expenses from the net revenue. If the result is positive, the business made a profit. Losses occur when expenses exceed revenues.
The answer to your question is D
Answer:
These core values are known as the company's mission statement.
Explanation:
The mission statement of a company represents the company's core values, nature, principles, and reason to be.
In the mission, the company describes what it does in essence (what good or service it provides), and under what principles it operates.
In the question, we can see an example of a mission statement: the mission of Whole Foods Stores.