Property taxes and fines represent which of the following classes of nonexchange transactions for government units? Group of ans
1 answer:
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The number of years in which the money is in the account is 6 years.
<h3>What is simple interest?</h3>Simple interest denotes the amount of payment that is received or paid by a person in return for anything pledged or given a loan.
The interest computed on the principal amount for a specified duration of time and rate of interest is called simple interest.
The formula of simple interest:
Where, (P) stands for principal, (r) for interest rate, and (t) is for the time period.
<u>Computation </u><u>of a number of years:</u>
According to the given information,
P=$500,
r=7.5%,
t=?
SI= $225
Now, substitute the given values in the above formula, we have:
Therefore, the number of years is 6 years.
To learn more about the simple interest, refer to:
Answer:
The production plan for Q3 is 208,000 units of supermix.
July 64,000
August 70,000
September 74,000
The Raw materials requirement for Q3 is 218 cc of solvent H300
July 23,000
August 111,000
September 84,000
The detailed presentation is in the attached document
