1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alex41 [277]
3 years ago
9

if an ivestor deposits 1500$ in bank that pay 10% interest annually how long will it take to double this money

Business
1 answer:
bulgar [2K]3 years ago
6 0

Answer:

Number of year = 10 year

Explanation:

Given:

Principal = $1,500

Rate of interest = 10% = 0.1

Amount = 2 × Principal = 2 × $1,500 = $3,000

Interest = Amount - Principal = $3,000 - $1,500 = $1,500

Find:

Number of year = ?

Computation:

⇒ Interest = Principal × Rate of interest × Number of year

⇒ $1,500 = $1,500 × 0.1 × Number of year

⇒ $1,500 = $150 × Number of year

⇒ Number of year = $1,500 / $150

⇒ Number of year = 10 year

You might be interested in
Can anyone please tell me the right answer
olganol [36]
Commit to buy more in the future
5 0
3 years ago
If the Canadian dollar is strengthening, then:
Rainbow [258]

Answer:

The correct answer is (D) it has appreciated in terms of other currencies.

Explanation:

Currency appreciation is the increase in the value of a country's currency with respect to one or more foreign reference currencies, which normally occurs in a floating exchange system.

The reasons that can make a currency or currency appreciate are diverse and usually related to a high demand for it. For example, the consideration of a currency as a low risk of depreciation or a very high level of exports of a country (the demand for the currency to pay for exports will increase) are causes that give rise to the appreciation of a currency.

7 0
3 years ago
Dominic heads the corporate communications department of Zookey Technologies. Eva is his least preferred coworker because her pe
Angelina_Jolie [31]

Answer:

The correct answer is A that is Relationship oriented leadership style.

Explanation:

Relationship oriented is an approach of the leadership style in which an individual or the person focuses or aim on the general well being as well as the motivation of the team members.

In this case, Dominic is most preferred in comparison to Eva as Dominic has a  pleasing personality and she is also helpful to other coworkers. So, she has a relationship-oriented style.

8 0
3 years ago
Sammy and Monica, both age 67, incur and pay medical expenses in excess of insurance reimbursements during the year as follows:
Mademuasel [1]

Answer:

The Sammy and Monica’s medical expense deduction for regular income tax purposes is $17,750.

Explanation:

For the purpose of regular income tax, the deduction pertaining to medical expenses are available up to the extent it exceeds 10% of AGI.

Deduction available = excess expenses incurred - 7.5% of AGI

                                 = ($16,000  + 4,000  + 2,500 +5,000) - 7.5%*130000

                                  = 27500 - 9.750

                                  = $17,750

Therefore, The Sammy and Monica’s medical expense deduction for regular income tax purposes is $17,750.

5 0
3 years ago
What is the answer I chose the one I thought was the answer
asambeis [7]

Answer: I think that ones the answer too

4 0
3 years ago
Read 2 more answers
Other questions:
  • If Chobani used which type of "Promotion" strategy vehicle for generating market awareness, it probably would have failed to rea
    6·1 answer
  • You sit on the board of a public corporation. Your CEO has proposed taking steps to offset the carbon impact of your​ company's
    9·2 answers
  • Heidi, the founder of Camp Bow Wow, proves herself to be a leader as she asks her employees for suggestions and inputs before ma
    14·1 answer
  • You place $4,00.00 in a bank account with an interest rate of 5.25% APR and another $2,000.00 in account with an interest rate o
    7·1 answer
  • Bed & Bath, a retailing company, has two departments, Hardware and Linens. The company’s most recent monthly contribution fo
    13·1 answer
  • Five types of legal requirements in a business
    6·1 answer
  • Which is an example of marketing function for a business? 1.) Preparing an income statement
    5·1 answer
  • Uncertainties in the supply chain can lead to: _____________
    6·1 answer
  • Drag each option to the correct location on the image.
    7·1 answer
  • Once a company starts growing and showing potential, entrepreneurs look for ______ financing.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!