1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kupik [55]
3 years ago
14

What is the maturity date of a loan for $4,000 at 15% exact interest taken out on June 7? The amount of interest on the loan was

$120.
Business
1 answer:
Annette [7]3 years ago
6 0

Answer:

The loan is due on August 18th

Explanation:

Simple interest is defined as the amount that is paid on a loan over a period of time. The interest is paid along with the principal in the course of loan tenure.

The formular for simple interest bis given as

Interest= principal* Interest rate* time

We are to calculate the loan duration and it was disbursed on June 7.

120= 4,000* 0.15* time

Time = 120/(4,000*0.15)= 0.2 years

Time = 0.2* 365 days

Time= 73 days

Therefore the loan is due on August 18th

You might be interested in
Jeremy owns his own business and has excellent management skills. he is very detail-oriented, organized, knows how to follow a s
JulsSmile [24]
Jeremy may want to sit down with his marketing team or hirer a team devoted to promotions and advertisement. You can only be successful if people know you exist and when they don't, making sales is almost obsolete. To keep your business running, making sure the marketing team is doing their job to keep consumers coming back and your product/service relevant is a must. 
7 0
3 years ago
Read 2 more answers
What could this sign is on the left side
Mnenie [13.5K]

Answer:

well the sign on the left showes a coffee and on the right they said twi dollars for the brewed coffee

4 0
2 years ago
Some observers had argued that Uber’s greatest problem was not any of its scandals, but its CEO Travis Kalanick. Now that Kalani
emmainna [20.7K]

Answer:

Answer for the question  

Some observers had argued that Uber’s greatest problem was not any of its scandals, but its CEO Travis Kalanick. Now that Kalanick no longer serves that role, how much better off is Uber really? Where do you come down? Do you think Kalanick’s reduced profile will turn the tide for Uber? Or is Kalanick’s drive and competitiveness necessary to Uber’s continued success, regardless of the title he holds? If you were on the board, what would you recommend? And why?

Is given in the attachment.

Explanation:

3 0
3 years ago
All of the following are public relations tools except:______
Montano1993 [528]

Answer:

b. coupons and rebates.

Explanation:

Public Relations Tools or PR tools are a way for a specific company or organization to communicate with the public and media in order to control information, advertise products/services, and even gain exposure in a market. This is done through the use of many tools such as

  • Media relations
  • Advertorials
  • Social media
  • Newsletters
  • Brochures and catalogs
  • Business events
  • Speaking engagements
  • Sponsorships or partnerships

This does not include coupons and rebates which are used simply to garner more sales for a company

8 0
3 years ago
Mr. Sanderson works for a chain of clothing stores. He gathers information so he can figure out the best way to organize the sto
STALIN [3.7K]

Answer:

C

Explanation:

3 0
2 years ago
Read 2 more answers
Other questions:
  • The following balances come from the financial statements of Way Industries: Sales revenue $850,000; Accounts receivable $280,00
    7·1 answer
  • How can the fiscal policies of a country influence the finances of a single individual?
    6·1 answer
  • Two independent companies, Denver and Bristol, each own a warehouse, and they agree to an exchange in which no cash changes hand
    7·1 answer
  • It doesnt matter what your goal is. any idea you may create is achievable. true or false​
    10·1 answer
  • Clarion Corp. invested cash in a 6-month certificate of deposit (CD) on November 1, 2015. If Clarion Corp. has an accounting per
    7·1 answer
  • Bob owned a duplex used as rental property. The duplex had an adjusted basis to Bob of $86,000 and a fair market value of $300,0
    10·1 answer
  • Sean, Pete, Tom, and Mark formed a partnership to start a water damage restoration business. Each partner has a 25% interest, an
    9·1 answer
  • We will follow-up the basic perpetuity with a delayed perpetuity. Watch the Chapter 5 Part 2 video for an example of a delayed p
    10·1 answer
  • Describe the difference between an idea and a business opportunity.
    8·1 answer
  • The U.S. encourages domestic companies to export because _____________.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!