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miv72 [106K]
3 years ago
13

Explain how savers would respond if the interest rate on savings accounts increased. Would they increase or decrease their amoun

t of savings? What about borrowers? Would they increase or decrease their amount of borrowing if the interest rate on loans increased? Explain why.
Business
1 answer:
andrezito [222]3 years ago
5 0

Answer:

1. Savers increase their savings as interest rate increases

2. Borrowers decrease their borrowing as interest rate on loans increases

Explanation:

1.

Interest rates are a great determinant of what those who save money get on their deposits. When interest rate increases, people tend to save more so as to earn more interest on their deposits. So it encourages savings. Therefore as interest rate increases savers would increase their amount of savings.

2.

For borrowers, more interest rate on loan amount discourages borrowing. More interest rate means that they would have to pay back more money on the loan amount they borrowed. This implies a rise in the cost of borrowing. So the borrower decreases the amount of borrowing if interest rate on loan increases.

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The profit, P, in dollars for manufacturing n units of a certain product is given by the formula P = 3n2 - 90n - 720. (Assume th
sesenic [268]

Answer:

n=40

Explanation:

We want to know the value of n when P=480

P=3n^2-90n-720\\480=3n^2-90n-720\\3n^2-90n-720-480=0\\3n^2-90n-1200=0\\3(n^2-30n-400)=0\\n^2-30n-400=0

From here, we can find the factors of the quadratic equation, we need two numbers that multiplied give -400 and added -30. Since they are factors of 400, we can choose -20x20 or -40x10. When adding -20 and 20 the result is zero, but the sum of -40 and 10 is -30. Then:

n^2-30n-400=0\\(n-40)(n+10)=0\\

The solutions of the quadratic equation aren-40=0 and n+10=0:

n_1=40\\n_2=-10

Since n is a positive integer:

n=40

5 0
3 years ago
Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with intere
Alex Ar [27]

Answer:

The correct answer is letter "A": Account A.

Explanation:

Compound interest is the interest an investor earns on the original investment plus all the interest earned on the interest that has accumulated over time. It is also called <em>interested on interested</em>. The frequency of compounding could be scheduled from daily to annually. The more frequent the compound interest is set, the most beneficial it is for the investor.

In that sense, account A will provide Julian with the highest annual return since it gives him a compound interest on a monthly basis v. annually with account B.

6 0
3 years ago
For what reason might someone decide to bring a civil law suit against a person or a business? What might the
Svetradugi [14.3K]

Answer:

The reason for a civil law suit can be almost any harm or wrongful act done to an individual or business, by another person or business entity. For example, a breach of most contracts can be considered as the reason for a civil law suit. Also, car accidents and misfortunes take a big share in civil law suits.

If a defendant loses in a civil law suit, he usually pays in dollars, as reimbursement for the harm done. Rarely, this results in actual time in prison (behind bars).

----------------------------------------------------------------

Usually, when harm or potential misunderstanding includes someone you know or work with, the first step is to try to settle things without court. Legal costs can become overwhelming, especially if the problem could be solved beforehand.

Also, the social and relationship aspect is extremely important. If you take a case to the court (especially if the reason is minor and could be potentially settled without the aid of legal entities), the relationship between you and the defendant will always have a hostile notion to it. That is a factor to take into consideration if the defendant is an acquaintance or co-worker.

7 0
3 years ago
During the Christmas season, stores sell trees and wreaths are applying the ___ utility
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PLACE.........................................................................

                     

4 0
3 years ago
Companies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both
lisov135 [29]

Companies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both cultural values and business performance. <u>True</u>

Answer: The correct answer is (a) True

<u>Explanation:</u>

Success of a company highly depends upon it's workforce specially the managers.They are real assets for every concern.An organisation stands nowhere without it's managers.

It is mandatory for every concern to evaluate it's managers and reward them from time to time to enhance their involvement as well as their performance in business.Employees should be rewarded according to their value.They should be rewarded fairly for their tasks.

This system help in motivating the employees.Rewards can be in the form of bonus,salary increment,promotions and many other benefits.

Besides rewarding the employees performance should also be evaluated on regular basis.For this their actual performance should be compared with standard performance and if any discrepancy arises they should be informed and corrective measures must be taken.This will help the employees in knowing where they are lacking and it will give them a chance to improve their performance.

<u></u>

6 0
3 years ago
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