Managers transform a portion of organizational resources into appropriate organization member behavior mainly by performing acti
1 answer:
You might be interested in
Answer:
Total output is the same as total revenue
Marginal product is the same as marginal revenue
Average product is the same as average revenue
And the formulaes used is written above the box
excuse me for the bad handwritting
plus marginal revenue is obtained in the change of total revenue hope am write....
<u>Answer:</u> The rate of interest per year is 18.49 %.
<u>Explanation:</u>
To calculate the rate of interest, we use the equation:
where,
Interest paid = $ 53.95
Amount borrowed = $ 700
Rate of interest = ?
Time = 5 months = (Conversion factor: 1 yr = 12 months)
Putting values in above equation, we get:
Hence, the rate of interest per year is 18.49 %.