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Alexeev081 [22]
3 years ago
15

At a simple interest rate of 13% per year, determine how long will it take $7,500 to increase to 5 times as much. Compare the ti

me it will take to double if the rate is 20% per year simple interest.
Business
1 answer:
Reil [10]3 years ago
7 0

Answer:

t=30.77 years or 30 years and 9 months, t=5 years

Explanation:

The simple interest formula for calculation is given below:

F= P (1 + it)

F=future value=5*7,500=$37,500 or 2*7,500=$15,000

P=amount invested today=$7,500

i=interest rate=13% or 20%

t=time taken

5 time increase at 13%

$37,500=$7,500(1+13%*t)

5=1+13%t

4=13%t

t=30.77 years or 30 years and 9 months

Double increase at 20%

$15,000=$7,500(1+20%*t)

2=1+20%t

1=20%t

t=5 years

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3 years ago
San Ruiz Interiors provides design services to residential and commercial clients. The residential services produce a contributi
Sliva [168]

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Explanation:

<em><u>current scenario:</u></em>

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net loss 30,000

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8 0
4 years ago
The code that forty-nine states have adopted to interpret and enforce contract law is the _____.
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Read 2 more answers
You invest $1,000 in a complete portfolio. The complete portfolio is composed of a risky asset with an expected rate of return o
gladu [14]

Answer:

The rate of return on the risky asset is 16% and on treasury bill is 6% and we need a return of (1100-1,000)/1000= 10% or 0.1

If we think of x as the percentage investment in risky asset and 1-x as the investment in non risky asset we can mathematically find what proportion we need to invest in each asset to get this return.

16x+ 6(1-x)=10

16x+6-6x=10

10x=4

x=4/10

x= 0.4

This equation tells us that we should invest 40% in risky assets and 1-x which is 60% in treasury bills. We can test our answer by putting these values and see if the return is 10 %

(0.4*16)+(0.6*6)= Rate of return

Rate of return=10%

10% of 1000 = 100

100+1000=$1100

Explanation:

7 0
3 years ago
Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by :__________
IrinaK [193]

Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by 27

<h3>How to find the opportunity cost</h3>

opportunity cost of Burritos

= 400 / 300

= 1.33

The opportunity cost of Tacos

300 / 400

= 0.75

For the tacos produced we would have

opportunity cost of tacos x opportunity cost that was incurred

= 36 * 0.75

= 27

Hence we would conclude by saying that Arturo would incur an opportunity cost of 36 burritos if he increased his production of tacos by 27

Read more on opportunity cost here: brainly.com/question/1549591

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complete question

The complete question for this particular question is in the attachment (picture)

7 0
2 years ago
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