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anygoal [31]
3 years ago
12

Olivia deposited $800 at her local credit union in a savings account at the rate of 6.2% paid as simple interest. She will earn

interest once a year for the next 7 years. If she were to make no additional deposits or withdrawals, how much money would the credit union owe Olivia in 7 years?a. $1,147.20 b. $149.60 c. $1,218.88 d. $852.68
Business
1 answer:
svp [43]3 years ago
3 0

Answer:

a. $1,147.20

Explanation:

Simple interest means the same amount will be paid as interest per year.

We will use the following formula to solve for Olivia's interest after 7 years.

Interest = principal* interest rate* time

Principal= $800

Interest rate= 6.2%

Time= 7 years

Interest= 800* 0.062* 7

Interest= $347.20

So the total money owed to Olivia is = 800+ 347.20= $1,147.20

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N76 [4]

Answer:

Animeat should access a flexible line of credit.

Explanation:

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With regard to the above scenario, I would suggest Animeat access a flexible line of credit like invoice finance,overdraft facilities or short term business loan etc, inorder to meet up with it's food supply when the time comes. This would give the business quick access to funds/cash hence cushion the effect of cash flow problem during the predicted time.

The most important source of finance is to find the one that suit the business need and in which interest payment will be seamless so that available cash will not be depleted.

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2 years ago
Imagine you are the owner of a small local peanut butter company. You have many competitors in the peanut butter market but your
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Answer:

A

Explanation:

keeping a competitive edge

8 0
2 years ago
Scenario​ : The average total cost to produce 100 cookies is​ $0.25 per cookie. The marginal cost is constant at​ $0.10 for all
nika2105 [10]

Answer: D. $20

Explanation:

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Total cost to produce 100 cookies is:

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3 years ago
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Answer:

B. May carry Staphylococcus.

Explanation:

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The correctt answer that fills the gap is Double.

Explanation:

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The use of per capita income as an indicator of wealth or economic stability of a territory makes sense because through its calculation, national income is interrelated (through GDP in a specific period) and the inhabitants of this place.

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3 years ago
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