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
tankabanditka [31]
3 years ago
8

Alex invested $10,500 in an account that pays 6 percent simple interest. how much money will he have at the end of four years?'

Business
1 answer:
Marizza181 [45]3 years ago
4 0
The amount generated from the investment with simple interest is calculated through the equation,

           F = P x (1 + in)

where F is the future amount, P is the present worth, i is the decimal equivalent of the given interest and n is the number of interest period.

From this item it can be identified that,
   P = $10,500
   i = 0.06
   n = 4

Substituting the known values,

    F = ($10,500) x (1 + (0.06)(4)) 
 <em>   F = $13020</em>

Therefore, after four years, the amount of money that Alex will have is $13,020. 
You might be interested in
What is 1/2 + 1/4=? Can someone help me (ps it's just a test to see if this app really works)
sergij07 [2.7K]

The answer is 3/4 and yes it really works

5 0
3 years ago
Gross profit equals the difference between sales revenue and cost of goods sold plus operating expenses. net income and operatin
juin [17]

Answer:

Gross profit equals the difference between sales revenue and cost of goods sold.

Explanation:

The gross profit is calculated by subtracting total cost of goods sold from total sales. Both the total sales and cost of goods sold are found on the income statement.

Gross profit = Sales revenue - cost of goods sold.

It is one of three profit metrics used in business statement reports

6 0
4 years ago
Which three activities are part of the function of accounting?
IgorC [24]

The 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>

<em />

Read more about this here

<em>brainly.com/question/15393400</em>

4 0
3 years ago
An agreement that requires employees to settle disputes with their employer using arbitration instead of a lawsuit is known as
Reil [10]

Answer:

An arbitration agreement is a contract in which you and your employer agree that certain disputes will be decided in arbitration, not litigation. When you sign a binding arbitration agreement, you are giving up your right to go to court.

Explanation:

6 0
2 years ago
At Parks and Helms Designers, a group of architects are developing the first drawings for a proposed multiuse office development
Svetlanka [38]

Answer:

The correct answer is (E)

Explanation:

Parks and helms designers have organised a project team, and it is a group where individuals work together to achieve a common goal. Such individuals usually have various capabilities and are held by the manager to exercises for a similar venture.  A manager can separate the group into sub-groups according to the needs of a project.  Generally, such groups are developed to finish a task in a limited time frame.

5 0
3 years ago
Other questions:
  • Folsom Advertising, Inc. is considering an investment in a new information system. The new system requires an investment of $1,8
    12·1 answer
  • Which answer is an example of a market?
    15·1 answer
  • RKI Instruments borrowed $4,300,000 from a private equity firm for expansion of its facility for manufacturing carbon monoxide m
    6·1 answer
  • Sherry works 40 hours a week as an office manager. If she made 48360 last year how much was she paid per hour?
    9·1 answer
  • Question 1 ____ is the process of moving the organization toward its vision.
    8·1 answer
  • Younger Company has outstanding both common stock and nonparticipating, non-cumulative preferred stock. The liquidation value of
    12·1 answer
  • What is the most common method of distribution for consumer products and services? For industrial products and services?
    7·1 answer
  • Who develops the menu in a restaurant?<br> The ________ develops the menu in a restaurant
    7·1 answer
  • A notary signing agent wants to stand out from other nsas by guaranteeing to borrowers and contracting companies that all of her
    8·1 answer
  • A reduction in the saving rate starting from a steady state with more capital than the golden rule causes investment to?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!