Answer:

Step-by-step explanation:



mark must leave it for 5.5 months or 5 and half moths to gain 5600 in interest .
<u>Step-by-step explanation:</u>
Here we have , mark invests 8000 in an account that pays 12% interest and 2000 in one that pays 8%. if he leaves the money in the accounts for the same length of time, We need to find how long must he leave it to gain 5600 in interest . Let's find out:
Let mark invests 8000 in an account that pays 12% interest and 2000 in one that pays 8% for time x months , So total interest gain is 5600 i.e.
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Therefore , mark must leave it for 5.5 months or 5 and half moths to gain 5600 in interest .
Answer:
Option b) A credit card balance
Step-by-step explanation:
The credit card balance shows the amount you owe to the bank for purchases using credit card.
Credit card is meant for purchases without paying money actualy and after a fixed period paying to the bank full amount outstanding.
Periodically, all credit card transactions will be listed and sent to the customer with a due date within which the amount is to be paid.
IF amount is not paid within due date, a penalty will be charged besides interest for the delay.
Thus credit card balance is a liability since it is the amount due or amount outstanding to be paid to the bank within a certain period. This can be treated as current liability