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
iris [78.8K]
3 years ago
6

Mark currently has a balance of $973.70 in an account he has held for 17 years. He opened the account with an initial deposit of

$700. What is the simple interest on the account? (3 points)
Business
1 answer:
IrinaK [193]3 years ago
5 0

Answer:

Simple interest= $273.7

Explanation:

<em>Simple interest is the interest on earned on the principal amount invested only. Kindly note that under this system, only the principal amount invested would earn interest over the course of the investment period</em>

<em> Simple interest is calculated as follows:</em>

Simple interest = Principal × Rate × Time

or

Simple interest = Future sum - Principal amount invested

DATA

Future sum- $973.70

Principal amount invested-700

Simple interest = 973.70 - 700=273.7

Simple interest= $273.7

You might be interested in
Ferguson corp. purchased inventory on account for $20,000. the entry to record this transaction would include?
Marianna [84]

The entry to record this transaction would include:

Dr. Inventory $20,000

Cr. Accounts payable    $20,000

What does it mean to purchase inventory on account?

Purchasing the inventory on account for $20,000 means that Ferguson corp. did not make payment for the inventory immediately, it rather purchased the inventory on credit with a promise to pay later.

As a result, the liability of Ferguson corp. has increased, specifically, the company would credit accounts payable with $20,000 such that inventory, which is the receiving account is debited with the same amount

Find out more about journal entry on:brainly.com/question/11312217

#SPJ1

8 0
1 year ago
Mary, a real estate agent, buys for herself a property that her principal, Karen, wanted to buy. If Mary is aware that Karen wan
irakobra [83]

Answer: C. grant Mary the legal rights for the property.

Explanation:

Agents are not to use the knowledge that their principal paid them to acquire or that they acquired for the use of their principal for themselves.

If Mary bought a property knowing that Karen wanted to buy that property, the Court will award the title to Karen because Mary has violated her duty not to use knowledge of information intended for her principal for her own benefit.

6 0
3 years ago
Firms will typically maintain a list of research and development projects ranked by expected rate of return. Expected rate of re
ddd [48]

Expected rate of return is defined as the amount of money an individual gets on investment.

<h3>What is expected return?</h3>

The expected return is the amount of profit or addition on money invested that an individual who is an investor is expected to get after a periods of time on the investment.

Therefore, expected rate of return is defined as the amount of money an individual gets on investment.

Learn more on rate of return below

brainly.com/question/16725994

#SPJ1

4 0
1 year ago
Which sentence in the given text describes an element of the marketing mix that could help
vredina [299]

Answer:

C

though all had the 4p elements only c had a chance to build the business

8 0
2 years ago
A replacement analysis is most objectively conducted from the viewpoint of:
mixer [17]
From the viewpoint of an outsider, an non-owner and an consultant which is a replacement analysis is most objectively conducted. When you are conducting a replacement analysis the most objectively conducted is from the view point of the three which is from an outsider, an consultant and an non-owner.
6 0
3 years ago
Other questions:
  • Answer the question using the following data, which show all available techniques for producing 20 units of a particular commodi
    12·1 answer
  • Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production
    8·1 answer
  • Eleanor feels like she is very qualified for a Military job. Which qualifications does Eleanor most likely have?
    14·1 answer
  • I WILL ALWAYS MARK THE FIRST ANSWER THE BRAINLIEST
    13·2 answers
  • Businesses use productivity suites in order to ________. a. Be on the cutting edge of technology b. Justify spending money on ca
    5·1 answer
  • The _____ is the most ambitious global trade agreement ever negotiated; the agreement has reduced tariffs by one-third worldwide
    13·1 answer
  • As a prerequisite to an agent’s use of an income and expense data worksheet, the agent should ask a prospective broker: a) the p
    14·1 answer
  • PLEASE HELP!!! Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representa
    9·1 answer
  • QUESTION 1 of 10: According to the reading, this is the first step in market research:
    6·1 answer
  • An investor purchased a property for $350,000. The investor paid a $150,000 down payment and obtained a $200,000 mortgage. The g
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!