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Aliun [14]
3 years ago
11

If a person has $1,000 in a savings account and earns $20 a year in interest on that account, the rate of return on the money is

close to _______.A.) 5%B.) 2%C.) 10%D.) 20%
Business
1 answer:
Inessa05 [86]3 years ago
8 0

Answer:

B.) 2%

Explanation:

The computation of the rate of return on the money is

= (Interest earned on that account ÷ amount in saving account) × 100

= ($20 ÷ $1,000) × 100

= 2%

We simply divided the interest rate by the amount which is available in the saving amount so that exact return rate on the money can come.

And, multiplied it by 100 as the return rate or any other rate is expressed in percentage form

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Answer:

sentiment analysis

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Sentimental expressions can be positive negative or neutral. For example a statement from a review: 'I really like their services, they make sure you are satisfied with your purchase.' Is an example of positive sentimental expression.

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3 years ago
A corporation is a type of partnership that?
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That has share holders and a board of directors.
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3 years ago
assume that the price of a $1,000 zero-coupon bond with five years to maturity is $567 when the required rate of return is 12 pe
Gelneren [198K]

The price elasticity of the bond, based on the years to maturity and the required rate of return is -0.494

<h3>How to find the price elasticity of he bond?</h3><h3 />

First, find the new price of the bond:
= 1, 000 / ( 1 + 15%)⁵

= $497

The change in price:

= (497 - 567) / 567

= -12.3%

Then find the percentage change in the required rate of return:

= (15 - 12%) / 12

= 25%

The price elasticity of the bond is:

= -12.3% / 25%

= -0.494

Find out more on price elasticity at brainly.com/question/5078326

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3 0
1 year ago
If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth i
aksik [14]
<span>To find the compound interest of an investment you have to use this formula, A = P(1 + r/n)^nt, where A is the total amount you have after the investment period, P is the amount you invest or the amount you put in, r is the rate of the of the compound interest in this case 10%, n is the amount of time the interest will be compounded for example, 4 months a year(quarterly) or 6 months a year(semi annually), and t is the amount of time you invest in years. So in this case you are going to substitute everything in the formula with their given value. So P = $700, r = 10%, n = 21 (because it is the number of months we invest for), and t = 2 years (because 21 months fit perfectly in 2 years, and t must always be in years). The resulting formula will be A = $700(1 + 0.1/21)^(21 x 2), which will give you an answer of $855 rounded to the nearest dollar.</span>
8 0
2 years ago
Many business people believe that marketing should focus on factors other than financial goals, such as ___.
Sindrei [870]

Answer:

Corporate citizenry

Explanation:

Many business people believe that marketing should focus on factors other than financial goals, such as Corporate citizenry

3 0
3 years ago
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