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
inna [77]
3 years ago
9

Zoe takes out a discounted loan for $1,200 at a simple interest rate of 6%, but only receives $1,020 into her bank account. What

's the duration of the loan? Give your answer in months to the nearest month.
Business
1 answer:
I am Lyosha [343]3 years ago
3 0

Answer:  35 months

Explanation:

Interest to be paid = 1,200 - 1,020

= $180

This means that;

180 = 1,020 * 0.06 * t

61.2t = 180

t = 2.94 years

In months

= 2.94 * 12

= 35.28

= 35 months

You might be interested in
Give like the LATEST NEW PLAYLIST "Sad Boy Intro" if you want to heard (Unrelease) playlist and listen to "A love Letter Heart B
Wewaii [24]

Answer:

its in my queue

Explanation:

but are you actually good?

4 0
2 years ago
Read 2 more answers
How and Why Can Complexity Theory be Applied by Managers to Implement Strategic Change?
REY [17]

Answer: C

Explanation:

6 0
1 year ago
A consumer downloads 4 movies and 3 apps per week. Suppose the price is $4 per movie and $4 per app, and the marginal utility th
77julia77 [94]

Marginal utility will be calculated for movies by: 14/(4*4) which would mean 0.875 utils per dollar per movie. Whereas, for apps, it would be: 8/(3*4) which would mean utils per dollar per app to be 0.667. Hence, movies tend to carry higher utility.

3 0
3 years ago
Monopolists want to protect their market position by – potential competitors. A common tactic is to lobby for –, such as –. Such
mixer [17]

Answer:

restricting the entry; trade restrictions; import tariffs; rent-seeking; monopoly

Explanation:

Monopolists want to maximize their profits by keeping the potential competitors out of the market. For restricting the entry of potential firms they adopt the practice of lobbying for trade restrictions which restrict entry. One such restriction is importing tariff which will reduce competition from foreign products. Such lobbying can be defined as a form of rent-seeking which means using political means to secure monopoly position.

8 0
3 years ago
Juan purchased a property for $420,000 and financed $336,000 of it. The assessed value of the property is $387,000. The property
liq [111]

When it comes to calculating property tax, the most relevant amount is the assessed value of <u>$387,000.</u>

When calculating property tax, the useful figures are:

  • The assessed value of the house
  • The Property tax rate

This assessment is arrived at in various ways but once it is arrived at, it is then multiplied by a figure known as the mill levy and the result will be the property tax.

In conclusion, the assessed value is most useful.

<em>Find out more at brainly.com/question/19643657. </em>

3 0
3 years ago
Other questions:
  • At the beginning of the year, Uptown Athletic had an inventory of $640000. During the year, the company purchased goods costing
    10·1 answer
  • Season tickets to the miami heat games are sold out at $30 a game and some people who wanted to get tickets couldn't buy them. a
    6·1 answer
  • In its first year, Raydine Inc. reported sales revenue of $1,300,000, net income of $200,000, and paid dividends of $26,000 on c
    5·1 answer
  • Give three examples of business processes or operations that would benefit significantly from having detailed real-time or near
    13·1 answer
  • Arctic Cat sold Seneca Motor Sports a shipment of snowmobiles. The snowmobiles were delivered on January 1, 2021, and Arctic rec
    7·1 answer
  • Products are winnowed out as they make their way down the path from conception to consumption, a process called ________.
    15·1 answer
  • Amble Inc. exchanged a truck with a book value of $12,000 and a fair value of $20,000 for a truck and $5,000 cash. The exchange
    15·1 answer
  • The purchaser of a franchise is called the?
    15·2 answers
  • What type of Businesses has limited liability ?
    12·1 answer
  • What are the consequences of a global basket of currencies in the world?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!