A = P(1 + rt)
Where: A = Total Accrued Amount (principal
+ interest)
P = Principal Amount
I = Interest Amount
r = Rate of Interest per year in
decimal; r = R/100
t = Time Period involved in months
From the
question given,
A = $34,
200
P =
$20,000
I=
$14,200
r = ?
T = 6
years, 9 months = 81 months
<span>Substituting
the original equation for r:</span>
r = (1/t)
(A/P - 1)
<span>Solving our equation:
r = (1/81)((34200/20000) - 1) = 0.00876543
r = 0.00876543
Converting r decimal to R a percentage
R = 0.00876543 * 100 = 0.8765%/month</span>
R =
0.8765% per month
<span>Calculating the annual rate
0.8765%/month × 12 months/year = 10.518%/year.
</span>
<span> </span>
The answer is A) Regulations keep prices fair and prevent businesses from establishing monopolies.
Answer:
As the class cost $750 Adie will only take one class because she is not willing to pay $750 for the second, third or fourth class. Also because she is willing to pay $800 for the first class her consumer surplus will be $50(800-750)
Explanation:
Answer:
True
Explanation:
Its key features include ;
Time saving ; it should allow faster filing and retrieval.
Cost saving- it should provide less likelihood of losing documents.
Expandability and flexibility -to meet everyone's needs in a firm; this feature makes the answer to the question true.
Answer:
C) Managerial ethics
Explanation:
Managerial ethics can be regarded as rules as well as principles that are out in place by upper management of an organization which serve as a moral guidance for the rest of the organization. It is usually a guidelines put in place by supervisor for employee in the organization to know what is right or wrong. It should be noted that Managerial ethics are Standards that help to shape behaviors towards employees, the organization, and other economic agents.