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qaws [65]
3 years ago
15

Suppose you have $100 in a saving account earning 2 percent interest a year.after five year how much would you have

Business
2 answers:
arlik [135]3 years ago
6 0

Answer: Roughly $110.40

Explanation:

100 x (1.02)^5

The 1.02 is just 100 percent of the number plus the 2 percent interest you make.

likoan [24]3 years ago
4 0

Answer:

$110.41

Explanation:

Provided that the interest is a<em> "compounding interest," </em>you will have $110.41 in 5 years. A compounding interest allows you to<em><u> calculate the interest you can earn on your </u></em><em><u>accumulated interest over time in addition to your deposit</u></em>.

Let's calculate the interest on a yearly basis.

1. First year = $100 x 20% (0.02) = $2

<em>You have to add $2 to the initial deposit of $100.</em>

  • $100 + $2 = $102

2. Second year = $102 x 20% (0.02) = $2.04

  • $102 + $2.04 = $104.04

3. Third year = $104.04 x 20% (0.02) = $2.0808

  • 104.04 + $2.0808 = $106.1208

4. Fourth year = $106.1208 x 20% (0.02) = $2.122416

  • $106.1208 + $2.122416 = $108.243216

5. Fifth year = $108.243216 x 20% (0.02) = $2.16486432

  • $108.243216 + $2.16486432 = $110.408 or $110.41

<em>After five years, you will have $110.41.</em>

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Heims is an automobile manufacturing company. When the sales team in the company gets an order, the information reaches all asso
Hoochie [10]

Answer:

Enterprise resource planning system.

Explanation:

Heims seems to be using an enterprise resource planning (ERP) system to let relevant department members access to order status and fulfillment. It is not a customer relationship management (CRM) system, since this system is primarily used to manage the current customer relationship and to generate new sales lead. A CRM system is usually used by the sales team only, while ERPs are inter-departmental. It is most definitely not a risk and threat or environment and disaster management system, since the scenario occurring in Heims has do not require these systems.

5 0
3 years ago
What was the average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979
borishaifa [10]

The average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979 was 3.20%.

<h3>What is average annual economic growth rate (AAGR) ?</h3>

The average annualised return of a portfolio, asset, or cash flow over time is known as the average annual growth rate, or AAGR.

The basic arithmetic mean of a set of returns is used to calculate AAGR.

Calculation for average annual economic growth rate:

Real per capita GDP in Singapore in 1957 was about $400 and it doubled to about $800.00 by 1979 over the period of 22 years.

Growth rate = (\frac{last value}{initial value} )^{\frac{1}{n} } -1

The last value = $800

The initial value = $400

n = number of years

Growth rate = (\frac{800}{400} )^{\frac{1}{22} } -1

                   = (2)^{\frac{1}{22} } -1

                   = 1.032 - 1

                   = 0.032

Growth rate % = 0.032×100

                        = 3.2%

Therefore, the growth rate in Singapore over 22 years are 3.2%.

To know more about Gross domestic product (GDP), here

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4 0
2 years ago
What makes a project productive? What makes a project counterproductive? Explain.
sineoko [7]

Answer:

Productive projects mean people are benefitting from the projects, a counterproductive project would mean resources are being wasted and no one is benefiting. When property rights are well defined and enforced, businesses in a market economy will then have a strong incentive to undertake productive projects.

Explanation:

3 0
4 years ago
In the context of the number and the intensity of external factors in the environment that affect organizations, a(n) _____ is d
xxMikexx [17]

Answer:

simple environment

Explanation:

Organizational environment can be regarded as internal as well as external environmental factors which can influence the activities and

decision making of the

organization. The environment of an organization has a surroundings which has favourable or unfavorable effects on its operations. simple environment is one with a limited environmental factors which can influence or affect the operation of the organization, the intensity of external factors that affects

simple environment is very low compare to complex environment. It should be noted that In the context of the number and the intensity of external factors in the environment that affect organizations, simple environment is defined as an environment with few environmental factors.

4 0
3 years ago
What refers to a thorough analysis of the circulation procedures, outlets of distribution, readers, and other factors by compani
Elodia [21]

Answer:

circulation audit

Explanation:

A circulation audit is a term that describes a distinct form of audit which validates publisher's real printing and distribution, and at the same time, verifies publisher's books, records, and documents relating to circulation.

In other words, it is considered as a standardized, authoritative statement of a publication's printing, distribution, and readership.

Hence, CIRCULATION AUDIT refers to a thorough analysis of the circulation procedures, outlets of distribution, readers, and other factors by companies such as ABC

4 0
3 years ago
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