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BabaBlast [244]
3 years ago
13

Terrance has $100 that he can invest in a savings account. His bank is willing to pay interest to his account at a rate of 0.04.

How long will Terrance need to leave the money in the account if he wants to earn $100 in interest, doubling his money?
Business
2 answers:
katrin [286]3 years ago
6 0

Answer:

25 years

Explanation:

4% of 100 is $4, $4 times 25 is $100

lara31 [8.8K]3 years ago
5 0

Answer:

25 years

Explanation:

even tho it was already answered..

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On an average day, Campus Cafe receives $26,482 in checks from customers. These checks clear the bank in an average of 1.3 days.
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The highest daily fee to eliminate collection float is $551 (approx). According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.

<h3>What is a Collection Float?</h3>

Collection Float refers to an asset that is currently in a state of transition. It is used in two contexts:

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Given,

Average Daily Receipt = $26,482

Average clearing days = 1.3 days

Daily Interest Rate = 0.016%

Required to Calculate = Highest daily fee to eliminate collection float

Calculation,  

Highest daily fee collection float = Average daily receipt x Average clearing days x daily interest rate.

                                                        = $26,482 x 1.3 x 0.016%

Highest daily fee to eliminate  collection float = $550.8 which is $551 (approx).

Thus, According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.

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5 0
2 years ago
Which of the following is an advantage of utilizing technology?
8090 [49]

Answer:

C. Productivity increases.

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Technology is the application of skills, knowledge which could be scientifically in solving problems, it can be in production of good and services.

Technology brings about automation, it saves time and provide efficiency in operation.

It should be noted that Productivity increases is an advantage of utilizing technology all over the world.

7 0
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You borrowed $20,000 to finance the education expenses for your senior year of college at the beginning of your senior year. The
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Yes i is a time to come get over me and then go
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Checking a new test to be certain that it contains items that it would be expected to contain based on the relevant literature p
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The content validity is the is one of the important methodology that is use for recognize and also evaluate the given content properly. The content validity is statistically evaluate and test the assessment through the subject matter expert.

The content validity measure the knowledge in the domain of the content. According to the question, checking the new content based on the relevant literature that providing the content validity.  

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ION 4 Annette is representing Jackson Hauling, a new commercial trash collection service, in a negotiation with the house manage
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