Answer:
The interest rate is "21.999%".
Explanation:
The given values are:
Amount lent,
= 10,000
Amount repaid,
= 27,027
Years (n),
= 5
As we know,
⇒ ![Amount \ repaid = Amount \ lent\times (1+r)^n](https://tex.z-dn.net/?f=Amount%20%5C%20repaid%20%3D%20Amount%20%5C%20lent%5Ctimes%20%281%2Br%29%5En)
On substituting the given values, we get
⇒ ![27,027=10,000\times (1+r)^5](https://tex.z-dn.net/?f=27%2C027%3D10%2C000%5Ctimes%20%281%2Br%29%5E5)
⇒ ![\frac{27,027}{10,000}=(1+r)^5](https://tex.z-dn.net/?f=%5Cfrac%7B27%2C027%7D%7B10%2C000%7D%3D%281%2Br%29%5E5)
⇒ ![2.7027=(1+r)^5](https://tex.z-dn.net/?f=2.7027%3D%281%2Br%29%5E5)
⇒ ![1+r = (2.7027)^{(1/5)}](https://tex.z-dn.net/?f=1%2Br%20%3D%20%282.7027%29%5E%7B%281%2F5%29%7D)
⇒ ![1+r=1.21999](https://tex.z-dn.net/?f=1%2Br%3D1.21999)
On subtracting "1" from both sides, we get
⇒
⇒ ![r=0.21999](https://tex.z-dn.net/?f=r%3D0.21999)
i.e.,
⇒ ![r=21.999 \ percent](https://tex.z-dn.net/?f=r%3D21.999%20%5C%20percent)
Answer:
Explanation:
Particulars Amount
Common stock $15 par value 594,000
Paid-In Capital in Excess of Par—Common Stock <u> 15,840</u>
Total Paid-In Capital 609,840
From sale of Treasury stock 24,400
Add: Retained Earnings 932,000
Deduct: Treasury Stock (645 shares) <u>12,255</u>
Total Stockholders' Equity 1,553,985
Answer:
with only one chain and one pendant per necklace.write an expression that shows how much it will cost ronnie to make s short necklaces and n long necklaces. then find the cost for 3 short necklaces 2 long necklaces
Answer:
Spending variance will be equal to -729
Explanation:
We have given wages and salary is $2060 per month plus $442 per birth
We have given total number of birth = 117
So standard cost = $2060+117×$442 = $53774
Actual wages and salary for the month is = $54500
We have to find the spending variance
Spending variance is given by
Spending variance = Standard cost - actual cost = $53774 - $54500 = -729
So spending variance will be equal to -729
How much something cost is it's monetary value.