All categories

3 years ago

How does simple interest differ from compound interest?

Business

1 answer:

KengaRu [80]3 years ago

4 0

Answer:

The correct answer is letter "C": Simple interest is calculated on principal alone; compound interest is calculated on the principal as well as the interest you’ve already earned.

Explanation:

Interest may be simple or compounded. In general, simple interest is expressed as a percentage of the principal amount of a loan. It is calculated by multiplying a loan's principal amount by the interest rate and the number of payment periods. Compounded interest accrues on the principal amount of a loan and the interest accrued from previous periods. To calculate it multiply the principal by the interest rate plus one (1), raised to the number of compound periods minus one (1).

You might be interested in

Information regarding Maxwell’s direct labor cost for the month of January follows: Direct labor hourly rate paid $ 29.20 Total

Umnica [9.8K]

Answer:

std rate $30.64
efficiency variance $6,128.00

Explanation:

We will work the rate variance to obtain the standard rate:

$(standard\:rate-actual\:rate) \times actual \: hours DL \: rate \: variance$

actual rate $29.20

actual hours 11,700

difference $1.44

rate variance $16,800.00

$(standard\:rate-29.2) \times 11,700 = 16,700$

$(standard\:rate= 16,700 \div 11,700 +29.2$

std rate $30.64

Now we can solve for the labor efficiency variance:

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

std hours 11700

actual hours 11500

std rate $30.64

difference 200

efficiency variance $6,128.00

The diference is positive, sothe variance is favorable.

4 0

3 years ago

Debt management ratios measure __________.

tankabanditka [31]

Debt management ratios measure how well a company is using debt versus equity position.

8 0

3 years ago

Disposable personal income is A. personal income minus indirect business taxes. B. national income minus depreciation. C. person

Anni [7]

Answer:

C. personal income minus personal taxes.

4 0

3 years ago

A cafeteria buys muffins daily. Demand varies Uniformly between 30 and 50 muffins per day. The cafeteria pays $.20 per muffin an

kakasveta [241]

Answer:

The optimal stocking level is 45 muffins.

Explanation:

First we have to calculate the Overage cost Co = Purchase price - Salvage value = $0.2 - 0 = $0.2

Then the Underage cost Cu = Selling price - Purchase price =$0.80 - $0.2 = $0.60

Service level = Cu / (Cu + Co) = $0.60/($0.60+$0.2) = $0.75

Hence, optimal stocking level = Minimum demand + Service level *(Maximum demand - Minimum demand)

optimal stocking level = 30 + 0.75*(50-30) = 45

The optimal stocking level is 45 muffins.

Optimal stocking level = 68.75 Muffins

5 0

3 years ago

Select the correct answer.

Lady_Fox [76]

Answer:

A. True

Explanation:

In order to be on student council, you must already know how to lead. Student council isn't you learn to lead. It's meant to show others how to lead.

3 0

3 years ago

Read 2 more answers