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
Katarina [22]
3 years ago
6

Edwin Pritchard deposited 7,500 in a 3 - year, time - deposit account that pays simple interests at a 5.9% annual rate. What tot

al amount of interest will Edwins deposit earn in three years?
Business
1 answer:
NISA [10]3 years ago
7 0

Answer: Edwin's deposit will earn an interest of $1327.50

We determine the simple interest on an amount deposited with the following formula:

SI = P*N*R

where

SI = Simple Interest

P = Principal or the amount deposited

N = Number of years for which the deposit is made

R = annual rate of interest on the principal

Substituting the values from the question in the formula above we get,

SI = 7500 * 3 * 0.059

SI = 1327.50

You might be interested in
Why would the supply curve of a dog walking business be considered elastic
AURORKA [14]

Answer:

C. because it can hire workers quickly if the price rises​

Explanation:

Demand is said to be elastic if a small change in price causes a significant change in the quantity demanded.  For example, if the price commodity Z increases by a small percentage and the demand falls by a bigger percentage, commodity z has elastic demand. Elastic demand is about the responsiveness of quantity demanded due to changes in price.

The supply curve illustrates the relationship between price and the quantity demanded. If demand is elastic, a change in price will result in a big movement along the supply curve. If the price of labor for walking dogs decreases by a small percentage, and the demand for dog walkers increase, then the dog walking business has elastic demand.

4 0
3 years ago
A 401(k) plan is a type of _____
Katen [24]
Is a retirement savings plan<span> sponsored by an employer.</span>
8 0
3 years ago
Read 2 more answers
WILL GIVE BRAINLIEST.
Black_prince [1.1K]

Answer:

A. Return on Investment

6 0
3 years ago
Read 2 more answers
EBay A. is a market because buyers and sellers are brought together to buy and sell. B. cannot function as a market. C. would be
IgorLugansk [536]

Answer:

A. is a market because buyers and sellers are brought together to buy and sell.

Explanation:

The definition of market is that it is a place where sellers of products and services meet with potential buyers. Acording to this definition, Ebay can be considered a market because in this website there are sellers offering different types of products and buyers willing to pay in order to get them.

3 0
3 years ago
The first US Airline:
olga2289 [7]

Answer:

Western Air Express

5 0
3 years ago
Read 2 more answers
Other questions:
  • Helen pays a 10% commission on the cost of the stock she bought at $17.57 per share. she purchased 150 shares. how much will hel
    8·1 answer
  • Taxes are charged on items at the time of purchase?
    7·1 answer
  • What are some of the similarities and differences between the CTSOs of HOSA and Educators Rising? Please describe what makes the
    9·1 answer
  • Aubrey uses her credit card to buy some clothes for $552.86. She can pay up to $195 on the credit card each month. What is the t
    5·1 answer
  • Karen learns from a coworker at her pharmaceutical company that one of the firm's most profitable drugs will be pulled off the m
    15·2 answers
  • The following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports
    10·1 answer
  • An annual report of Ford Motor Corporation states, "Net income a share is computed based upon the average number of shares of ca
    12·1 answer
  • You purchase a $325,000 town home and you pay 25 percent down. You obtain a 30-year fixed-rate mortgage with an annual interest
    12·1 answer
  • To save money for his daughter's college tuition, Dan invests every quarter in an annuity that pays interest, compounded quarter
    12·1 answer
  • Abc buys widgets for $5 cash and sells them on account for $8. From a cash flow perspective, the receivable is valued at?.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!