Answer:
Simple interest is based on the principal amount of a loan or deposit, while compound interest is based on the principal amount and the interest that accumulates on it in every period. Since simple interest is calculated only on the principal amount of a loan or deposit, it's easier to determine than compound interest
Explanation:
Answer:
The job in New York should offer $65,625.
Explanation:
Andrew is offered a job in Little Rock, where the CPI is 80, and a job in New York, where the CPI is 125.
Andrew's job offer in Little Rock is $42,000.
To represent the same purchasing power salary in New York should be
=
=
= $65,625
Answer:
Probably not, because Alyssa made a mistake about the dog's value, not a mistake about material fact.
Explanation:
When Sierra offered to sell the dog to Allysa, Allysa failed to discuss the ancestry of the puppy. She wrongly believed the dog came from a line of champions.
On finding out the dog is only worth $200, she will not be able to rescind the contract because the onus to ask all relevant questions about the purchase before accepting is on her.
She made the mistake of assuming the dog was worth $800. She made a mistake about the dog's value and not the material fact.
Answer: A. Extensive
Explanation: When Corey runs out of shampoo he buys whatever brand is on sale at his local CVS drugstore.
From the above question, Corey has an extensive decision making on toothpaste purchase as he does not have any brand loyalty. He buys whatever brand is available for him to buy and he is not particular about the name, the size or content of the product he is buying.