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
wel
3 years ago
13

Robert invested $4,000 five years ago at 4 percent interest. He takes out all his interest earnings and spends them immediately.

As a result, he only receives interest on his initial $4,000 investment. That is why he is earning __________________ only.
Business
1 answer:
docker41 [41]3 years ago
7 0

Answer:

simple interest

Explanation:

Simple interest is the amount of money that an investment earns during 1 given period, it is calculated by multiplying the principal amount of the investment by the interest rate = $4,000 x 4% = $160

On the other hand, compound interest is interest that gains more interest by itself. This means that the interest gained during a given period, will gain more interest itself for the next period. It is calculated using the following formula = principal amount x (1 + interest rate)ⁿ, where n is the number of periods.

You might be interested in
According to expectancy theory, the three primary elements that determine how willing an employee is to work hard at tasks impor
ollegr [7]
The three primary elements are INSTRUMENTALITY, VALENCE AND EXPECTANCY.
The expectancy theory of motivation states that, an individual is will behave in a certain manner as a result of the way in which he has been conditioned to select a specific behavior over other forms of behavior. This implies that workers are usually motivated by the reward they get for the work they performed.<span />
4 0
2 years ago
Why is silk smooth ? A long thin fibers B genetic engineering C being harvested in the wild D being made by worms
Marysya12 [62]
A i think. Im not sure though.

3 0
3 years ago
Read 2 more answers
A source can either be primary or secondary. True or false
horsena [70]
True, Is the correct answer.
5 0
2 years ago
Read 2 more answers
What is Keynesian model?
murzikaleks [220]

The Keynesian model is an economic theory developed by John Keynes to analyze the Great Depression in the 1930s. In this model, he advocated for increased government spending and lower taxes in an attempt to stimulate consumer demand to pull the economy out of the depression.

5 0
2 years ago
As a service dimension increases in importance, a customer's zone of tolerance _____ and his or her desired and adequate service
MrRa [10]
As a service dimension increases in importance, a customer's zone of tolerance narrows <span>and his or her desired and adequate service levels increase.
Customers who likes service oriented business, will expect that they will be treated as a true king by the business providers. This will make the service provider to increase its level of services and place the customers convenience above all else</span>
7 0
3 years ago
Other questions:
  • Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,300 of direct materials, $6,966 of di
    5·1 answer
  • Which market segment should a no-frills hotel target?
    15·1 answer
  • Barney wants to start a new business that yields a profit of​ 20% per year after a period of 2 years. In this​ period, if he
    12·1 answer
  • ___ data is generally stored in different file formats
    14·1 answer
  • Beverage International reports net credit sales for the year of $468,000. The company's accounts receivable balance at the begin
    15·1 answer
  • Which of the following shows the listed items in their proper order of presentation in a balance sheet?
    9·2 answers
  • A company produces 500 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactu
    11·1 answer
  • g Product #1 Product #2 Historical cost $26 $51 Replacement cost 16 28 Estimated cost to dispose 23 25 Estimated selling price 5
    6·1 answer
  • Global Corporation had 58,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors
    7·1 answer
  • 1988
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!