Answer:
The loan is due on August 18th
Explanation:
Simple interest is defined as the amount that is paid on a loan over a period of time. The interest is paid along with the principal in the course of loan tenure.
The formular for simple interest bis given as
Interest= principal* Interest rate* time
We are to calculate the loan duration and it was disbursed on June 7.
120= 4,000* 0.15* time
Time = 120/(4,000*0.15)= 0.2 years
Time = 0.2* 365 days
Time= 73 days
Therefore the loan is due on August 18th
<span>1. If Emir says he wants an office with windows and a nice view he is expressing his need for a comfortable job environment. The answer is "b. his job environment".
2. If Lei bikes to and from work every day in order to train for the Olympics her values and work ethic are what are important to her. The answer is "d. her values".</span>
Risk is the possibility of not getting expected result of something.
Risk shifting is one way of reducing risk. Best example for risk shifting is 'Insurance'. In this, risk is shifted to an another party like insurance company. After shifting risk to another party, if the shifted risk happened other party will gain that loss and you can claim the loss that happened because of the risk from other party. So if you have shifted your risk then you don't have to be afraid of getting that risk. Because another party is taking that risk for you but for a cost.
Answer: Supply is more elastic than demand
Explanation:
Elastic demand means if there is an increase in price then the quantity demanded will decrease. Percentage change in price results in a percentage change in quantity.
If supply is more elastic then that would mean the producers are getting affected. Because a change in price would affect the quantity demanded and hence would affect the supply of the product. Taxes would mean the producers would have to increase the price of the product hence, affected producer surplus and decreasing the demand of the product.
