The simple interest formula:
I = P * r * t,
where:
I - interest,
P - investment,
r - interest rate,
t - time ( in years )
P = $255.19, r = 5% = 0.05, t = 1
I = $255.19 * 0.05 * 1 = $12.7595 ≈ $12.76
Answer: The simple interest you would receive in 1 year is $12.76.
Answer:
Flexible
Explanation:
A flexible exchange rate is one determined by the forces of market demand and supply. The apex bank of a country that practices this exchange rate regime never manages comes into the market to manage its currency price. The United States is an example of a flexible exchange rate system
A floating exchange rate is different from a managed floating exchange rate in that, managed floating sometimes allows a country's central bank to intervene in the Foreign exchange market in a bid to avoid the free fall of their local currency.
Nigeria is a good example of manged-floating exchange rate
Fixed exchange rate occurs when the central bank pegged the value of its currency against a vehicle currency.
Morocco is an example of a country that operates a fixed exchange rate system
Slave rice cultivators commonly worked by the TASK SYSTEM, which involved a specific assignment for a days work. :)
Answer:
The P/E ratio is 12.8.
Explanation:
The price earnings ratio or P/E ratio is a ratio that estimates the amount of money that investors are willing to invest in a company for every $1 of that company's earnings. The Price-earnings ratio is calculated by dividing the price per share by the earnings per share and is also used in the valuation of a company and its stock.
The P/E ratio is = Price per share / Earnings per share
P/E ratio = 126.72 / 9.9 = 12.8 times