1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zina [86]
3 years ago
15

Jack Palomo has deposited $2,500 today in an account paying 6 percent interest annually. What would be the simple interest earne

d on this investment in five years?
A) $750; $95.56.
B) $150; $845.56.
C) $150; $95.56.
D) $95.56; $845.56.
Business
1 answer:
rosijanka [135]3 years ago
8 0

Answer:

Option (A) $750

Explanation:

Data provided in the question:

Principle amount i.e the amount deposited = $2,500

Interest rate = 6% = 0.06

Time = 5 years

Now,

The formula for the Simple interest is given as:

Interest = Principle × Rate of interest × Time

Thus,

Interest = $2,500 × 0.06 × 5

or

Interest = $750

Hence,

Option (A) $750

You might be interested in
Treasury stock is:
VashaNatasha [74]

Answer:

a. Common stock acquired by the company in the open market & recorded as negative equity

Explanation:

A stock which is buy back from the market at market rate issued by the company. It reduces the total outstanding shares of the company. It is the difference of Number of share issued and Number of share outstanding. Its account is consider as contra equity account. So the correct option is a. Common stock acquired by the company in the open market & recorded as negative equity.

7 0
2 years ago
Read 2 more answers
Question 4
denis23 [38]

Answer:

B. Accounts Receivable

7 0
3 years ago
Read 2 more answers
What type of research is being used when gathering data from structured survey responses that are numerical in nature?A. Qualita
kondaur [170]

Answer:

C. Quantitative.

Explanation:

Here in the question it is mentioned that the research type which is used at the time when the data is gathered from structured survey that response and are in the numerical so here the numerical means the data which can be count and we called as a quantitative

Therefore the option C is correct

hence, the same is to be considered

7 0
2 years ago
You expect to receive $2,600 upon your graduation and will invest your windfall at an interest rate of 0.33 percent per quarter
kupik [55]

Answer:

n= 39.49 years

Explanation:

Giving the following information:

Present value (PV)= $2,600

Future value (FV)= $4,375

Interest rate (i)= 0.33/100= 0.0033

<u>To calculate the number of years, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(4,375/2,600) / ln(1.0033)

n= 157.96/4

n= 39.49 years

5 0
2 years ago
Predeparture language and cultural training can:a. significantly increase the cost of an international assignment. b. increase t
ryzh [129]

Answer:C. reduce uncertainty about how to act in a foreign country.

Explanation: Predeparture language and culturaln training are some of the basic essential trainings conducted for expertraites who are going on overseas assignment.

THE PURPOSE OF THIS TRAININGS IS TO REDUCE THE UNCERTAINTY ABOUT HOW TO ACT IN A FOREIGN COUNTRY.

Predeparture language training is a set of training focused on the General languages Accepted in a given country where an expertraite is to be posted.

Cultural trainings are trainings that are directed at the local customs and traditions of the foreign country where an an expertraite is to be posted.

7 0
3 years ago
Other questions:
  • Sally, Greg, John, and Amar are working on a project for a customer that is aimed at cutting the client's electrical costs. The
    6·1 answer
  • Crowding out refers to the situation in which Group of answer choices borrowing by the federal government raises interest rates
    5·2 answers
  • On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account. Jasmine Co. pays for this merchandise on June 21. a.
    12·1 answer
  • As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of So
    14·1 answer
  • Money that has value because the government has ordered that it is an acceptable means to pay debts is referred to as
    6·1 answer
  • What can you learn from a stock market game?
    14·1 answer
  • A company is considering investing in a project that costs $300,000. The company uses straight-line depreciation and estimates t
    9·2 answers
  • Blue Co. had the following first-year amounts related to its $12,000,000 construction contract: Actual costs incurred and paid $
    11·1 answer
  • Just prior to completing the adjusted trial balance, Paula prepared the __________ section. After she finishes the adjusted tria
    11·1 answer
  • 8. The TS Company has budgeted sales for the year as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 10,000 12,0
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!