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tresset_1 [31]
3 years ago
8

Harley works in the sales department at his company. he feels that the company's marketing team is not doing a good job, so with

out direction or permission, he starts his own social networking page to help. his page has a name similar to the company's. he posts company logos on it and uses text copied from the company web site. he posts news and sends tweets to customers and others interested in the company. when the company learns of this, what action is it most likely to take
Business
1 answer:
Alla [95]3 years ago
5 0
The company could fire him.
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Answer:

maximum interest rate = 3%

so correct option is A) 3%

Explanation:

given data

investment = $6000

receive = $6180

borrow = $6000

to find out

maximum interest rate bank needs to offer on the loan

solution

we consider here maximum interest rate bank needs to offer is = r

so value of investment will be express here as

value of investment = amount to be borrowed × ( 1 + r )    ................1

put here value we get rate r

6180 = 6000 × ( 1 + r )

solve it we get

rate = 0.03

maximum interest rate = 3%

so correct option is A) 3%

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