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lesantik [10]
3 years ago
5

An investment of $1,000 is earning interest at the rate of 3.8% compounded daily over 3 years. Approximately how much interest i

s earned on the investment?
a. $892.26
b. $1120.75
c. $120.75
d. $38.73
Business
1 answer:
Paladinen [302]3 years ago
7 0
<span>Approximately $120.75 interest is earned on the investment.</span>

 

The correct answer between all the choices given is the third choice or letter C. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

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Answer:

Possible causes of material quantity variance:

1. The use of sub-standard material

2. The use of unskilled labour

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Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. The use of sub-standard material reduces the quality of output thereby resulting to unfavorable material quantity variance.  The use of unskilled labour also leads to unfavorable material quantity variance. Wastage of material                                                  due to low quality of inputs also results to unfavorable material quantity variance.                                                                        

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