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
geniusboy [140]
2 years ago
6

Celeste Nossiter borrowed $6200 from her father to buy a used car. She repaid him after 9 months, at an annual interest rate of

7.1%. Find the total amount she repaid. How much of this amount is interest?
Business
2 answers:
Margarita [4]2 years ago
8 0

Answer:

330.15

Explanation:

I = Prt

Interest = Principle x rate x time

P= 6200

R= 7.1% = 0.071

T= time in years* 9/12 = 0.75

I= 6200 x 0.071 x 0.75

330.15

therefore for Celeste interest that she repaid is $330.15

Pie2 years ago
3 0

Answer:

$6,530.15

Explanation:

Calculation:

First, converting R percent to r a decimal

r = R/100

= 7.1%/100 = 0.071 per year.

Putting time into years for simplicity,

9 months / 12 months/year = 0.75 years.

Solving our equation:

A = 6200(1 + (0.071 × 0.75)) = 6530.15

A = $6,530.15

The total amount accrued, principal plus interest, from simple interest on a principal of $6,200.00 at a rate of 7.1% per year for 0.75 years (9 months) is $6,530.15.

You might be interested in
Which of the following statements is true of financial leverage
Sidana [21]
Maybe take a picture of it so i can help:)
6 0
2 years ago
You are checking your wheels and rims for a pre-trip inspection. which of these statements is true?
liubo4ka [24]
I cant help you, i dont know what the statements are. 

4 0
2 years ago
Suppose that germany decides to become self-sufficient in bananas and even to export them. in order to accomplish this, large ta
Vinvika [58]

Germany does not have a comparative advantage, which is the ability to do something better or more efficiently that someone else. Even though they are producing bananas, the industry is artificially supported by the tax incentives and not because Germany is an amazing banana-growing location.

The consequences for the economy are lost opportunity costs that could be producing things where they <em>do </em>have a comparative advantage (cars, for example). Another consequence is that the tax money could be better spent on other things.

8 0
2 years ago
If the margin of safety is $200,000, fixed expenses are $50,000 and sales revenue is $500,000, what are variable costs?
Setler79 [48]

Answer: $250,000

Explanation:

4 0
2 years ago
Waterway Industries is planning to sell 800 buckets and produce 1080 buckets during March. Each bucket requires 200 grams of pla
Scrat [10]

Answer:

See below

Explanation:

From the above,

One bucket requires;

200 grams of plastic and one half of direct labor

The plastic costs $10 per 200 grams and the employees are paid $15 per hour.

Therefore, one bucket costs (material and labor) :

= $10 + $15 × (1/2)hour = $17.5 per plus 1.10 × $7.50 = $25.75

For 1,080 buckets

$25.75 × 1,080 = $27,810

Therefore, the total amount of budgeted direct material for March is $27,810

5 0
2 years ago
Other questions:
  • 2. Whom would you choose as a referent on this job? What steps would your manager take to make you feel that you were being equi
    11·1 answer
  • Indentures usually bound indentured servants for periods of from five to seven years. question 3 options:
    12·1 answer
  • What is the purpose of APY?
    11·1 answer
  • Kyle plans to buy new tires for a car that his family uses for camping trips. These tires are of the same type like those that a
    12·2 answers
  • Cameron started his own photography business. He wants to write a good mission statement that explains his company's reason for
    8·1 answer
  • Swenson Oil​ &amp; Gas allows its customers to prepurchase heating oil in June for the coming winter. Customers who took advanta
    8·1 answer
  • 1. Why have OpenTable competitors had a difficult time competing against OpenTable? 2. What characteristics of the restaurant ma
    15·1 answer
  • Delmar Inc. uses a standard cost system. Labor standards are 2.0 hours per widget at $8.80 per hour. During August, Delmar Inc.
    13·1 answer
  • In terms of general value propositions, the Hawks are providing greater value with a ____________________ strategy.
    5·1 answer
  • A brief description of the contract and the parties involved
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!