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
pogonyaev
3 years ago
13

PR newswire reported on a company that received a short-term loan the loan was dated April 12th 2006 to April 30th 2006 the rate

of interest was 6.5% the interest earned was $162.50 using the ordinary interest what was the original amount of the loan​
Business
1 answer:
k0ka [10]3 years ago
5 0

Answer:

The amount of Original Interest is $47,368.421

Explanation:

The original amount of the loan is computed as by using the ordinary interest:

Ordinary Interest = Original Amount × 360 / Rate of Interest × Number of Days

where

Original Amount is $162.50

Rate of Interest is 6.5%

Number of Days is 19 (April, 12 2006 to April, 30 2006)

Putting the values in the above:

= $162.50 × 360 × 100 / 6.5 × 19

= $5,850,000 / 123.5

= $47,368.421

You might be interested in
What form does an employer need to send to you by the end of january so that you can file your taxes?
Vikentia [17]

It is the Tax document

7 0
3 years ago
Read 2 more answers
Good business ethics is a good marketing strategy. Discuss
Aloiza [94]
If you can market well, you rely less on what you are selling, but more on getting the buyers' interest in the product
4 0
3 years ago
Why dress code important ?
mote1985 [20]

Answer:

Visual Uniformity – Having every employee dressed to the standards of the dress code will create visual uniformity which helps customers identify employees and subtly promotes the impression of 'being a team' among the whole workplace.

Explanation:

1) A dress code promotes a more serious school atmosphere which emphasizes academics and promotes good behavior.

2) Dress codes have proven to increase student achievement by encouraging students to concentrate more on their studies and less on their wardrobe. A de-emphasis on clothing can also save money, as there will be less pressure to keep up with expensive trends and fashions.

3) Dress codes in school settings reduce social conflict and peer pressure that may be associated with appearance.

4) Studies indicate that a school dress code can reduces the prevalence of certain behaviors which are often expressed through wardrobe such as violence or promiscuity.

5) As opposed to uniforms, dress codes still allow students to wear what they want which leaves students with a sense of choice and expression.

3 0
3 years ago
_____ (rapid execution, response, and delivery of results) often separates the winners from the losers.
Marianna [84]

Answer:

The correct answer is letter "D": Speed.

Explanation:

The speed at which companies perform their activities is vital and can take a big role in determining the profits or losses of the business. Firms must be one step ahead in their production process to make sure deadlines are met and to predict failures to solve the issues immediately minimizing the output damages.

3 0
2 years ago
Read 2 more answers
Since your first birthday, your grandparents have been depositing $1,000 into a savings account on every one of your birthdays.
irina1246 [14]

Answer:

$25,650

Explanation:

The formula for calculating the future value of an annuity is:

F = P x ([1 + I]^N - 1 ) / I

where:

  • P = payment amount = $1,000
  • I = interest rate = 4%
  • N = number of payments = 18

F = $1,000 x ([1 + 4%]^18 - 1 ) / 4% = $1,000 x (1.04^18 - 1 ) / 4% = $1,000 x (2.026 - 1 ) / 4% =  $1,000 x 1.026 / 4% = $25,650

4 0
3 years ago
Other questions:
  • Mandy has been temporarily laid off during a recession comma but expects to be rehired when business picks up.mandy has been tem
    12·1 answer
  • "The media doesn't tell us what to think, but it tells us what to think about" describes the _____ function of the media.
    5·1 answer
  • A contract clause which specifies the amount of damages to be paid in the event of a breach is called:
    11·1 answer
  • Discuss porter 1980 model and what its relationship with the management of procurement?
    12·1 answer
  • Jenny would like to know whether she has budgeted enough money per month for groceries while she is in college. She takes a repr
    14·1 answer
  • Maintenance expenses of a company are to be analyzed for purposes of constructing a flexible budget. Examination of past records
    15·1 answer
  • Which of these is NOT a concern for consumers in times of inflation?
    14·1 answer
  • A homebuyer took out a $350,000 30-year fixed rate loan at 4.5% interest with a monthly payment of $1,773.40. After making two m
    15·1 answer
  • What are the results of contractionary monetary policy, which intends to slow down the economy, and what are not
    10·1 answer
  • Dublin Corporation reported net sales of $250,000, cost of goods sold of $150,000, operating expenses of $50,000, net income of
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!