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
Elden [556K]
4 years ago
5

You have $65 in your savings account at the beginning of a month. The bank pays you

Business
1 answer:
wel4 years ago
3 0

Answer:

$0.15

Explanation:

Interest is calculated using the formula below.

I = P x i x t

where I = interest

P= principal amount.

i=interest rate

t=time

Interest is given as an annual percentage. A 2.75 % interest will translate to 2.75/100 divided by 12 monthly interest. Therefore, the applicable interest rate is 0.00229 %

interest for the month will be

i=$65 x 0.00229 x 1

=$0.14895

=$0.15

You might be interested in
Capital requirements for banks serve all of the following purposes EXCEPT:________.a.to offset the change in incentives caused b
SCORPION-xisa [38]

Answer:

b. to reduce deposits

Explanation:

A Capital requirement refers to the amount of capital that a financial institution must have to meet the requirements set by it's financial regulator. All of the answers provided are purposes that this hopes to accomplish except for reducing deposits. It actually hopes to increase deposits which means more customers that are coming in.

3 0
3 years ago
Jamie received a bonus of $3,000. She decided to deposit the money in a savings account that earns 3.5% compounded daily for 180
alex41 [277]

The compound amount recieved by Jamie after 180 days is $1,466,844.98

Explanation:

We know that money in any sort of banking account earns interests in a compounding manner.

Amount at the end of time “x” is given by A= P(1+R/100) ˣ

Where A= amount after the said time period

P= Principal

R= Rate  

x= time period

One must note that “x” and “R” must be in same time-frame i.e. if the rate is compounded daily, time period must be considered daily and so on.

Substituting the values of P as $ 3000, R as 3.5%, and x as 180

Amount after 180 days= 3000 (1+3.5/100) ¹⁸⁰

Amount= $1,466,844.98

Thus, the amount is $1,466,844.98

7 0
3 years ago
I WILL GIVE BRAINLIEST
sveticcg [70]

Answer: true

Explanation:

6 0
4 years ago
Read 2 more answers
Based on the case and previous calculations, please answer the following short answer questions. Note: Your instructor will need
mezya [45]

Question Completion:

see Exhibit 4 attached.

Answer:

1. The largest and smallest divisions by net sales in 2017:

Largest divisions:

Fabric & Home care with 32%

Baby, Feminine & Family Care, 28%

Smallest divisions:

Beauty with 18%

Grooming, 11%

Healthcare, 11%

2. The one most important division in terms of the proportionate net earnings for the company is:

Fabric & Home Care

Explanation:

The two largest divisions generate 60% of the net sales of the company while the three smallest divisions generate only 40%.  In terms of the proportionate net earnings for the company, the two largest divisions also generate 53% of the net earnings of the company, while the three smallest divisions generate 47%.  The analysis shows that the company's financial sustenance is largely driven by the Fabric & Home Care division and the Baby, Feminine & Family Care division.  Another up-and-coming division is the Beauty division, which generates 18% of the net sales and 20% of the net earnings.

Download docx
4 0
3 years ago
________ is/are changes in products, services, or processes that radically change an industry's rules of the game.
sashaice [31]
Disruptive innovation are changes in products, services or processes that radically change an industry's rules of the game.  By doing this, they are able to create a new market or change the value to an existing market. The disrupt the existing market and value by improving products or services. 
7 0
3 years ago
Other questions:
  • The last time he flew Jet Value Air, Juan's plane developed a fuel leak and had to make an 4) emergency landing. The time before
    7·1 answer
  • Farmers in developing countries want the united states to reduce the subsidies that it gives to u.s. farmers because subsidized
    14·1 answer
  • A benchmark index has three stocks priced at $34, $57, and $67. the number of outstanding shares for each is 405,000 shares, 515
    14·1 answer
  • You borrow $230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made monthly.
    12·2 answers
  • The government of a country increased the minimum wage from $21 to $30. A factory owner had to lay off some of his workers becau
    10·2 answers
  • To encourage employee ownership of the company's common shares, KL Corp. permits any of its employees to buy shares directly fro
    9·1 answer
  • In the early 1900s, John D. Rockefeller bought out other companies or drove
    5·1 answer
  • Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The
    8·1 answer
  • ____________ reflects the understanding that the cost of repairing an unexpected breakdown is usually much greater than preventa
    8·1 answer
  • Employers may pay nonexempt employees who work fluctuating schedules a fixed salary. in these cases, the extra pay is?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!