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Lera25 [3.4K]
3 years ago
12

Tomas earned $89 in interest on his savings account last year and has decided to leave the $89 in his account this coming year s

o it will earn interest. This process of earning interest on prior interest earnings is called ________.
Business
1 answer:
mamaluj [8]3 years ago
7 0

Answer:

compound interest

Explanation:

compound interest is a practice where the interest earned qualifies to earn more interest. Compound interest is offered on some savings accounts. The interest earned every  year is not withdrawn but is added to the principal amount. The principal amount increases at the beginning of every period.

The act of adding interest to the principal, which results in interest earnings on interest, is known as compound interest. Accounts that offer compounding interest are preferred to simple interest accounts. A saved amount in a compound interest account will grow faster as the principal amount will increase every year.

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Tom buys a shirt for $22.00 plus 7% sales tax. His cousin buys a shirt for $18.00 plus 4% sales tax.How much do Tom and his cous
astra-53 [7]

Answer:

Tom paid $23.54 while his cousin spent $18.72. Tom spent more on tax $.082 more than his cousin.

Explanation:

Tom

Cost of shirt = $22

Sales tax = 7%

Total amount paid = 22 + (7% × 22)

                               = 22 + 1.54

                               = $23.54

Tom's cousin

Cost of shirt = $18

Sales tax = 4%

Total amount paid = 18 + (4% × 18)

                               = 18 + 0.72

                               = $18.72

Tom spent more on tax as he spent $1.54 as against his cousin's $0.72.

3 0
3 years ago
What considerations should govern your decision making as a consumer?
Lena [83]
The price of an item, the amount you pay per 100 grammes and comparison of quality and/or price from different brands/stores. 
5 0
3 years ago
One of the most __________ things in a disaster recovery plan and in the selection of the disaster recovery site location select
Delicious77 [7]

One of the most <u>overlooked</u> things in a disaster recovery plan and in the selection of the disaster recovery site location selection is the ability to acquire office supplies.

<u>Answer:</u> Option B

<u>Explanation:</u>

Disaster recovery requires a set of policies, resources and protocols to allow critical technology assets and services to be restored or continued following a natural or human-induced disaster. The office supplies are needed to be chose very wisely and appropriate too, in order to rescue the area therefore it is overlooked.

Disasters may result from 3 distinct categories of hazards and threats: the first is natural hazards like hurricanes, floods, tornadoes, earthquakes, and epidemics; second is technological hazards like  transportation accidents, utility disruptions, pipeline explosions, accidental hazardous material releases and dam failures; third is human-caused threats like chemical or biological attacks, active assailant attacks, sabotage and cyber attacks against data or infrastructure.

8 0
3 years ago
Free rider problems are everywhere. For example, some restaurants let each food server keep his or her own tips. Other restauran
Gennadij [26K]

Answer:

Check the explanation

Explanation:

a. Gains from being nice = $60

reason: outcome for being nice = $100; outcome for being mean = $40 So the gains from being nice = 100 - 40 = 60

b. Average mean server earnings = $40 (given)

Average nice server earnings = $ 100 (given)

  Change in tips per server if all of the servers switch from being mean to being nice = $60 (100 - 40)

c. Individual payoff of my becoming nice = $6

reason: Total number of servers = 10

Change to the tip pool with my change in behavior from mean to nice = $60

My share in this change = 60/ 10 =6

d.  1-I am more likely to be nice when I keep my own tips.

reason: I can keep $100 if I am nice. But in a tip pool, some of the others may be mean. This will bring the pool amount lower, thereby my share may be less than $100. So I prefer to keep my own tips.

4 0
3 years ago
Beginning in the 1940s, first-generation computers used _____.
denis-greek [22]
<span>A trend that started to gain traction in the 1940s as a result of better technological innovation, was that of using vacuum tube technology in the manufacturing of the first generations of computers, due to the apparent efficiency of this innovation at the time.</span>
8 0
3 years ago
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