(A) $151.05 interest would Pace have to pay in a 30-day month.
<h3>
What is simple interest?</h3>
- Simple interest is a quick and straightforward way to calculate the interest on a loan.
- Simple interest is calculated by multiplying the daily interest rate by the principle multiplied by the number of days between payments.
- Simply multiply the principal amount by the interest rate and the time to calculate simple interest.
- "Simple Interest = Principal x Interest Rate x Time," the formula says.
To find how much interest would Pace have to pay in a 30-day month:
- = 25,000/100 × 7.25
- = $1812.5 ÷ 12
- = $151.05
Therefore, (A) $151.05 interest would Pace have to pay in a 30-day month.
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The complete question is given below:
Pace Co. borrowed $25,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Pace have to pay in a 30-day month?
(A) $151.05
(B) $182.72
(C) $175.19
(D) $135.94
(E) $138.96
Answer:
Sexism
wich is a discriminatory attitude of someone who underestimates people of the opposite sex.
It also distinguishes betwen the 2 sex
Answer:
Optoin A Liability, Credit balance
Explanation:
The reason is that the payables which are the obligation of the organization are liabilities and company liabilities are always credit in nature.
This can also be explained from the following formula:
Assets = Equity + Liabilities
As we know that equity is equal to:
Equity = (Op. Equity + Revenue - Expenses - Dividends)
And
Liabilities = (Current Liabilities + Long term liabilities)
By putting values we have:
Assets = (Op. Equity + Revenue - Expenses - Dividends) + (Current Liabilities + Long term liabilities)
Assets + Expenses + Dividends = Op. Equity + Revenue + (Current Liabilities + Long term liabilities)
So the amount that is in the left side of the equation is debit and the amount on the right side of the equation is credit in nature. Remeber that credit and debit are equal in amount which is the reason why this equation holds true.
Answer:
domestic investment will <u>increase</u> and net exports will <u>decrease</u> .
Explanation:
Previously in trade balance, If world Interest falls : It becomes comparatively lesser than relatively higher domestic interest rate. And makes domestic country a lucrative investment destination. This relatively higher domestic will lead to capital inflows & increase domestic investment.
When our currency is demanded more for capital inflows, its excess demand in foreign exchange market appreciates the currency & reduces exchange rate. At lower exchange rate & appreciated currency value, our exports become expensive & imports cheaper. This reduces exports & increases exports , hence reduces Net Exports.
