Answer:
$46.8
Explanation:
The shoe is worth $85. You pay a deposit of $40. The balance is $45.
So $45 is charged at 8% interest for six months.
Simple interest I= p x r x t
In this case, p is $45,
r is 8%
t= 6 months or 0.5 years
I = $45 x 8/100 x 0.5
I= $45 x 0.08 x 0.5
I=$1.8
The total amount owed will be $45 + $1.8
=$46.8
Answer:
D. Deflation
Explanation:
"Consumer Price Index" <em>(CPI)</em> measures the changes in the weighted average of prices of a market basket (consisting of consumer goods and services). It tells the<u> cost of living for every consumer. </u>
"Inflation" refers to the sustained increase of prices of goods and services while "deflation" refers to the sustained decrease of prices of goods and services.
In the situation above, the CPI is considered lower than before, thus <u>deflation</u> must have occurred during the second six-year period. It shows a <u>negative inflation rate.</u>
So, this explains the answer.
Answer:
$3,960
Explanation:
The Borrowed amount is $198,000 on November 1, 2021.
The interest expense at December 31, 2021 is calculated as shown below:
I=PRT
R=12%=0.12
P=$198,000
T=2 Months=(2/12) year
I=198,000*0.12*(2/12)
I=$3960
The correct option will be "B. $3,960."
Answer:
40%
Explanation:
tasa de interest simple = (valor final - valor inicial) / valor inicial = ($14 - $10) / $10 = $4 / $10 = 0.4 = 40%
La diferencia entre el interest simple y el interes compuesto es que cuando calculamos interes compuesto, el interes ganado previamente gana mas interest por si solo independiente del capital original. En cambio, con el interest simple, el interest ganado previament no gana interes por cuenta propia.
A business that does not need a full-time accountant, would most likely use a public accountant in which services are exchanged for a fee.
<h3>Who is an accountant?</h3>
An accountant is a professional who is responsible for analyzing and interpreting financial records of an organization. He also keeps the financial records of business or firm that employs him.
The role of an accountant include performing accounting functions such as:
- Analyzing accounts
- Auditing
- Reporting the financial transactions of a person or a business.
Learn more about accountants here: brainly.com/question/13433103
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