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Brut [27]
3 years ago
6

What is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually?

Business
1 answer:
klasskru [66]3 years ago
7 0

Answer:

$8

Explanation:

The yearly amount of interest earned on a $100 deposit at 4 percent rate is:

Ai=$100*0.04\\Ai=\$4

Since simple interest investments yield a constant interest each year, the amount earned after two years is:

I=2*\$4\\I=\$8

The total amount earned is $8.

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100,000,000 /10% = 10,000 which these means that 8 months is 10,000 know if you ask how much months 10,000 / 8 moths is 1,250

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Before Sandra opened her florist shop she read all she could about the floral industry. She also consulted several published res
Rom4ik [11]

Answer: Secondary data

       

Explanation: In simple words, the data that is collected by someone and is used by someone else is called secondary data. Government reports and surveys by other such organisation are two of the many examples of secondary data.

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Hence, from the above we can conclude that the correct option is B.

5 0
3 years ago
Today, you invest a lump sum amount in an equity fund that provides an 8% annual return. You would like to have $11,700 in 6 yea
V125BC [204]

Answer:

$7,372.99

Explanation:

Discounting is the method used to determine the present worth of a future amount which compounding is used to determine the future worth of a present amount. The relationship between both is such that;

Fv = Pv(1 + r)^n

where

Fv = future amount

Pv = present amount

r = interest rate and

n = time

The future amount = $11,700

time = 6 years

rate = 8%

$11,700 = Pv(1 + 0.08)^6

Pv = $11,700(1 + 0.08)^-6

Pv = $7,372.99

You need to deposit $7,372.99 today to reach your $11,700 goal in 6 years.

8 0
4 years ago
Which of the following types of funding for college requires repayment?
jek_recluse [69]

Answer: Loan

Explanation:

3 0
3 years ago
Read 2 more answers
Who are venture capitalists? A. investors who see growth of a company but invest using other people’s money B. buyer who convert
lorasvet [3.4K]

Answer:

A. investors who see growth of a company but invest using other people’s money

Explanation:

A venture capitalist is an employees of a venture capital firm . These capitalists are private equity investors who provide capital to business startups and small businesses using other people's money held in a fund. Even though these businesses have the potential for exponential growth, they usually have a high risk. Additionally, if the startup goes under, they are not obligated to pay back these venture capitalists.

3 0
4 years ago
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