Both have the same interest rate which is 3%.
<h3>
What is interest?</h3>
- In finance and economics, interest is the payment of an amount above the repayment of the principal sum by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by a borrower or depositor.
- It differs from a fee that the borrower may pay to the lender or a third party.
To find the higher interest rate:
Given that,
- Interest rate per month = 0.25%
- Interest rate per quarter = 0.75%
If we calculate the annual interest for monthly and quarterly rates, it will be:
Monthly
- No. of months in a year = 12
- Monthly rate = 0.25%
So,
- Annual Interest = 0.25 × 12
- = 3%
Quarterly
- No. of quarters in a year = 4
- Quarterly rate = 0.75%
So,
- Annual Interest = 0.75 × 4
- = 3%
Therefore, both have the same interest rate which is 3%.
Know more about your interests here:
brainly.com/question/2294792
#SPJ4
#8 is C. Unfortunately I do not know #9.
Answer and Explanation:
The computation of the outstanding checks is shown below:
For the November end
= Checks - presented in the bank
= $10,230 - $8,240
= $1,990
For the December end
= Checks - presented in the bank + presented in th bank - checks
= $10,230 - $8,240 + $11,815 - $10,655
= $3,150
We simply applied the above formula
Answer:
Test marketing holds a lot of importance for the company. It allows
the company to test their product in a small region so as to get an
idea whether the product will work in a bigger market or not.
Through this, the company can measure the performance of the
product and can decide whether it should be released nationwide
for sale. Through this, the company can estimate the earnings that
can be earned through this product beforehand.
Explanation:
Answer:
A employ sustainable business practices with regard to its employees and society.
Explanation:
Since in the question it is mentioned that for helping released prisoners they hired for the entry level jobs, resources are to be provides also at the same time they provides the training & education
So this represents that have business practices that are sustainable in nature with respect to the employees and society
Therefore the correct option is a.
