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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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7 0
3 years ago
If fixed costs are $1,200,000, the unit selling price is $240, and the unit variable costs are $110, what is the amount of sales
Lady bird [3.3K]

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200 000 = 240x - 1 200 000 - 110x

200 000 + 1 200 000 = 240x - 110x

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5 0
3 years ago
is considering an investment with an initial cost of $236,000. In Year 4, the project will require an additional investment and
professor190 [17]

Answer:

18.54%

Explanation:

The computation of the project modified IRR is shown below:

Here we use the spreadsheet for determining the IRR

but before that we need to find out the cash inflows

Years       Amount (in dollars)

Year 0: = - $278,191.12

              ($236,000 - $48,000 ÷ 1.13^4 -$30,000 ÷ 1.13^7)

Year 1: 64000

Year 2: 87000

Year 3: 91000

Year 4: 0

Year 5: 122000

Year 6: 154000

Year 7: 0

Now we use the excel

=IRR({-$278,191.12,$64,000,$87,000,$91,000,$0,$122,000,$154,000,0})

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3 years ago
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aalyn [17]

Answer:

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The cross-price elasticity formula is:

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CPE= -22%/-20%

CPE= 1.1

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The CPE of penguin patties and kipples:

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If the CPE is negative, then both goods are complementary, which means that an increase in price of one good will affect negatively de quantity demanded for the other good.

You should advertise complementary goods together because both could be positively benefited by advertising. If the demand for good A increases, it is probable that the demand for good B increases too. If you advertise substitute goods, people will always prefer one, then the advertising will only be effective for one of the good but not for both.

6 0
3 years ago
How can a court determine when a particular nickname for a branded product has entered into common use?
MakcuM [25]
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1 year ago
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