The marginal product of labor in the production of computer chips is 3030 chips per hour. The marginal rate of technical substit
1 answer:
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Answer:
704076 $
Explanation:
Exact statement of the question is:
<em>May 3, 2007, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2007, and carries a 6.86% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)</em>
Solution:
Fro 3rd May to October 1st. 2017 there are 151 days
But 365 days = 1 year
==> 151 days = 151× 1/365 =0.414 years
But we use 1 year as one term
==> 1year = 1T
==> T = 0.414
R= 6.86
P= 685000
A=?
We use formula for the term:
A= P
Where A= ammount at the end of term
P= Loan amount
R= Rate of interest
T= No. of terms
Putting values in this formula;
==> A= 685000×
==> A= 685000 × 1.02784938489=704076 $
Answer:
professor's efficiency is 75%
Explanation:
given data
expected cover = 16 chapters
able to cover = 12 chapters
to find out
the professor's efficiency
solution
we know here that when professor works at 100% efficiency
then complete 16 chapter in 1 semester
but here Professor completed only 12 chapter
so for 100% we know 16 chapter that is
100% = 16 chapter
and for x% = 12 chapter
so from above both equation we get x %
x = 100 % ×
x = 75%
so we can say that professor's efficiency is 75%