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PolarNik [594]
3 years ago
7

The simple interest earned on a certain amount is double the amount when invested for 10 years. What is the interest rate being

offered?
Business
1 answer:
asambeis [7]3 years ago
3 0

Answer: 10%

Explanation:

The formula to calculate the simple interest (I) is given by :-

I=Prt---------(1)                      

Final amount : A=P+I---------(2)    

Given : The simple interest earned on a certain amount is double the amount when invested for 10 years.

i.e A = 2P

Put this in equation (2), we get

2P=P+I\\\\\Rightarrow\ I=P    

Put the value of I in (1), we get

P=Prt\\\\\Rightarrow\ rt=1          

Since t=10 years {given} , then

r(10)=1\\\\\Rightarrow\ r=\dfrac{1}{10}=0.1

In percent , r=0.1\times10=10\%

Hence, the interest rate is being offered = 10%

     

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Answer:

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3 years ago
PLEASE ANSWER ASAP! Which of the following statements are true about brokerage firms? (Select all that apply.)
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Answer:

C and E.

Explanation:

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The discount brokerage provides less comprehensive services than the traditional one or the full-service brokerage. These services are provided via online as well by discount brokerage.

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6 0
3 years ago
Who pays the tax does depend on who writes the check to the government?
mina [271]
Who pays the tax does NOT depend on who write the check to the government.
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(C) debit to Foreign-Currency Transaction Loss-$1040

Explanation:

Foreign currency related Financial assets and financial liabilities are usually revalued with any difference as a result of the exchange rates posted as a gain or loss in the income statement.

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Answer:

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