The use of the <u>internet </u>allows bank customers the ability to complete most transactions electronically without leaving home.
<h3>What is Internet?</h3>
Internet help to transmit data or information across a network, making it possible for internet user to communicate and exchange information.
Example of internet are:
- WAN which full meaning is Wide Area Network.
- LAN which full meaning is Local Area Network.
Hence, internet play an important function as it make it possible for bank customers to complete their transactions electronically or to carryout their transaction online without having to leave their various homes.
Learn more about internet here:brainly.com/question/2780939
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Answer:
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Explanation:
Answer:
Rate of return = 10.5%
Explanation:
Rate of return would be the proportion of the amount invested that is earned as profit. Kindly note the the following :
The amount earned as cash return would be determined as the capital gains less the interest on the loan.
Also, the amount invested would refer to the personal capital contribution made by the investor. This implies the total cost of the stock less the interest earned on the amount borrowed.
The principles above are illustrated as follows:
Capital gain on stock = stock price at the end - stock price at the beginning
units of stock purchased = 4000/20 = 200
Stock price at the end= 109% × 20 = 21.8
Capital gain = (21.8 - 20) × 200 = 360
Cost of fund = interest rate × amount borrowed
Amount borrowed = 2000
Cost of fund= 7.5% × 2000 = 150
Rate of Return = Capital gains - cost of funds /(Total cost - amount borrowed)
Rate of return= (360 - 150)/(4000-2000)× 100 = 10.5%
Rate of return = 10.5%
Answer:
total amount of commission = $100
so correct option is b. $100
Explanation:
given data
purchased = 100 shares
purchase cost = $20
charges = 5 percent = 0.05
to find out
total amount of commission
solution
we get here total amount of commission that is express as
total amount of commission = purchased × purchase cost × charge ........1
put here value , we will get total amount of commission
total amount of commission = 100 × $20 × 0.05
total amount of commission = $100
so correct option is b. $100