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amm1812
4 years ago
14

Calculate the simple interest you would receive in five years on a savings account that earns 7.5% annual interest. your beginni

ng balance is $1236.59.
Business
2 answers:
Llana [10]4 years ago
6 0
We know,
simple interest = (capital×time in years×interest rate)/100
therefore,
simple interest = (1236.59×5×7.5)/100
= 46372.125/100
=463.72
Thus, simple interest = $463.72
Anvisha [2.4K]4 years ago
3 0
$4,637.21 in 5 years of simple interest.
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6 0
1 year ago
The supply curve represents​ ___________. A. the maximum price buyers are willing to pay to buy an extra unit of a good. B. the
matrenka [14]

Answer:

The answer is: C) The minimum price sellers are willing to accept to sell an extra unit of a good.

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A normal supply curve should move upward from left to right. The expresses the Law of Supply: (given that all other factors remain without change) As the price of a product increases, the quantity supplied should also increase.

For example:

An ounce of gold costs right now $1,500 and 100 ounces of gold are being traded right now at that price. If a new buyer comes in and wants to buy the 101th ounce of gold, then following a normal supply curve, the new buyer would need to pay more for that extra ounce of gold, maybe $1,510.

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8 0
3 years ago
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3 years ago
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Have a Warm and Wonderful Day!!
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