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
algol [13]
3 years ago
6

3. If the interest rate at the bank for a savings account is 0.03%, how much money would you need to leave in the account for on

e year in order to earn $10 in interest?
Business
1 answer:
yuradex [85]3 years ago
7 0
The amount of interest that is incurred by depositing a certain amount is calculated through the equation,
                                  I = P x r
where I is the interest, P is the principal, and r is the decimal equivalent of the given rate. Substituting the known values,
                                 10 = P x (0.03/100)
The value of P from the equation is 33,333.33. Thus, an amount of $33,333.33 should be deposit to earn $10. 
You might be interested in
Oscar owns a building that is destroyed in a hurricane. His adjusted basis in the building before the hurricane is $130,000. His
damaskus [11]

Answer:

That is $2,000 loss

Explanation:

After the hurricane Oscar received $140,000 for his loss, the adjusted basis for his property was $130,000 so he had a gain of 140,000- 130,000=$10,000.

According to Sec. 1033(a)(2) since the new property that was built (the replacement) was similar we will recognise the amount received from the insurance company ($140,000) to the extent that it pays for the replacement property.

That is

Gain or loss = amount paid by insurance company- cost of replacement property

Gain or loss= 140,000- 142,000

Gain or loss= -$2,000

That is $2,000 loss

8 0
3 years ago
Distancia de seguridad para un frenado que evite accidentes
Arturiano [62]

se debe dejar 10 metros de espacio con el vehículo que va adelante; entre 30 y 60 kilómetros por hora, se debe tener una distancia de 20 metros; entre 60 y 80 kilómetros por hora, se debe guardar una distancia de 25 metros y al circular a más de 80 kilómetros por hora, 30 metros.

Explanation:

:D

4 0
3 years ago
* Distinguish between Accounts Receivable and<br> Account Payable.
geniusboy [140]

Explanation:

Accounts receivable is money owed to a company by its debtors.

Account payable amounts due to vendors or suppliers for goods or services received that have not been yet paid for.

6 0
2 years ago
Read 2 more answers
The total cost of producing a given level of output is:____.
Sholpan [36]

Answer:

The total cost of producing a given level of output is:____.

d. minimized when the ratio of marginal product to input price is equal for all inputs.

Explanation:

With the above situation, the marginal cost (input price) = the marginal revenue (marginal product).  The producer can then maximize profit if it can lower its average total cost per unit below the marginal cost for producing one additional unit of its product.  In all cost situations, it is better for the producer to have the total revenue exceeding the total costs, at all times, but more especially with increasing production.

6 0
3 years ago
Okay is it just me or is anyone else getting so many exams and redos right now
Oksanka [162]

Answer:

ufff

Explanation:

exam s are over Best Of Luck ! ❤️❤️

8 0
3 years ago
Other questions:
  • Crimp corporation uses direct labor-hours in its predetermined overhead rate. at the beginning of the year, the estimated direct
    15·1 answer
  • The date on which a cash dividend becomes a binding legal obligation is on the
    7·1 answer
  • On a per unit basis, economic profit can be determined as the difference between:
    6·1 answer
  • Why must you repeat steps three and four in the scientific method?
    13·1 answer
  • The ledger of Windsor Company at the end of the current year shows Accounts Receivable $149,000, Sales Revenue $853,000, and Sal
    14·1 answer
  • Calculate Payroll An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume th
    9·1 answer
  • Acceptance. Altisource Portfolio Solutions, Inc., is a global corporation that provides real property owners with services, such
    5·1 answer
  • If a firm is following the cost leadership strategy, and overhead accounts are complex, then the: Firm should attempt to collect
    11·1 answer
  • Es posible comprometer la soberanía alimentaria con tratados internacionales de la defensa de genes, propiedad de empresa intern
    6·1 answer
  • Relation between occupation and education any 5 point​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!