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
BartSMP [9]
3 years ago
13

Principal, $3000 × annual interest rate, 5/2% × years​​,7/2

Business
1 answer:
dimulka [17.4K]3 years ago
8 0

Answer:

$262.5

Explanation:

p=$3000

R=5/2%

T=7/2 years

hence ,

interest= p×t×r/100

= (3000×5/2×7/2)/100

= (30×35/4)

= (7.5 × 35)

=$262.5

You might be interested in
Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collected in the month of sale, 25%
kondaur [170]

Answer:

$36,230

Explanation:

Month 1              Month 2               Month 3                 Month 4

60,000               70,000                50,000                  30,000

Calculation for receipts in Month 4:

9000   30% cash  in the same month(30000*30%)

12600   60% credit in the same month (30000*70%*60%

8750   25% in month following sales (50000*70%*25%)

<u>5880</u>   12% second month following sales (70000*70%*12%)

<em>36,230</em>

<em></em>

<em>I hope I made myself clear buddy.</em>

<em>Best of Luck.</em>

6 0
2 years ago
What is the main advantage of an electronic database
SOVA2 [1]
Advantages<span> of EDP. </span>Electronic<span> Data Processing (EDP) is the digital management of </span>databases<span>, typically stored on a shared server and allow simultaneous access to all parties. There are several distinct </span>advantages<span> to employing EDP: Speed</span>
6 0
3 years ago
On March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred: Factory Manager Salary $7,000 Facto
qaws [65]

Answer:

Explanation:

check the file attached for full explanation

Download docx
7 0
3 years ago
Having a good credit score is important because
zvonat [6]
It shows you're trustworthy and banks will be more willing to loan you money
5 0
3 years ago
Read 2 more answers
Goods costing rs 10000 was sold at loss rs 2000<br> make journal entry​
Grace [21]

Answer:gongi

Explanation:gong

7 0
2 years ago
Other questions:
  • Employees in engineering and marketing divisions often disagree with each other about how to achieve targets mainly because they
    14·1 answer
  • When the craving for pizza increases, the ability to concentrate decreases?
    10·2 answers
  • On December 31, 2016, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,800. The company e
    14·1 answer
  • "financing activities" Creative Sound Systems sold investments, land, and its own common stock for $35.0 million, $15.5 million,
    9·1 answer
  • The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of decl
    15·1 answer
  • A primary characteristic that distinguishes governments from businesses is a) The need to generate revenues equal to or in exces
    9·1 answer
  • How does the loanable funds market translate savings into investment and what adjusts to bring the market to equilibrium? A. The
    14·1 answer
  • All of the following information should be researched before a job interview EXCEPT what?
    8·2 answers
  • A customer has opened a margin account and has signed both the hypothecation agreement and the loan consent agreement. The broke
    8·1 answer
  • The financial markets are a relatively new technological development created in the last 50 years.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!