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
Ivenika [448]
3 years ago
11

You have $100 you have $100 to invest. If you can earn 12% interest, about how long does it take for your $100 investment to gro

w to $200? Suppose the interest rate is just half that, at 6%. At half the interest rate, does it take twice as long to double your money? Why or why not? How long does it take
Business
1 answer:
Ann [662]3 years ago
6 0

Answer:

8.33333 years ;

Yes, the time doubles.

Explanation:

Investment amount = principal = $100

Interest rate, r = 12%

Time taken for investment to grow to $200

Using the simple interest formula :

A = P(1 + rt) ; t = time taken ; A = final amount = $200

200 = 100(1 + 0.12t)

200 = 100 + 12t

200 - 100 = 12t

100 = 12t

t = 100 / 12

t = 8.333 years

Time taken, if rate, r = 6%

200 = 100(1 + 0.06t)

200 = 100 + 6t

200 - 100 = 6t

100 = 6t

t = 100 / 6

t = 16.6666 years

You might be interested in
MarketPoint Sales currently has a credit limit of $5,000. Because MarketPoint Sales has an excellent credit rating, BITS is incr
azamat

Yes , the given statement is true

Explanation:

Since the credit limit is now 10k for purchases of Marketpoint, the demand requires them.

You will apply for an increasing or decreasing in the loan cap electronically and will actually receive an immediate decision.

You should wait 4 months before your credit limit is extended and wait 6 months after a drop in your credit ceiling for an increase.

8 0
3 years ago
Diversification is important in investing because...
Alenkinab [10]

Diversification is important in investing because "It helps you to balance your risk across different types of investments".

Explanation:

Diversification is a risk management approach that includes investing beyond or within various asset types to depreciate the ups and downs of economic exchanges. In different terms, diversification is thereby not owning all your eggs in one basket. Diversification goes by expanding properties beyond and within various asset types. Because asset types have their own individual financial rounds, when one class is making substantial profits, another may not be functioning as well. By expanding your purchases beyond and within distinct asset categories you’ll be in an immeasurable situation to offset the buoyancy of unique expenses.

8 0
3 years ago
Read 2 more answers
A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the throughput time of the system?A. 7B. 4
-Dominant- [34]

Answer:

D

The throughput time of the system is 35

Explanation:

When we talk of the throughput time of a system, we are referring to the total time utilized from the start of the job to the end

So to calculate the throughput time of this system, we simply need to add all the hours of work together (proceeds time)

That would be; 5 + 9 + 4 + 9 + 8 = 35

4 0
3 years ago
A vendor raises the cost of materials you planned to order, and the increased cost will put your project over budget. Which shou
artcher [175]

Answer:

A. Review the budget to identify other areas where costs can be cut.

Explanation:

In the case when the vendor increased the material cost that planned and the increased cost would also be placed in your project i.e. over budgeted so the first thing you should do is review the budget by identifying the areas where the cost cutting to be done

Therefore as per the given situation, the option A is correct

And, the rest of the options are incorrect

3 0
3 years ago
Stanley Corporation manufactures an electronic switch for dishwashers. The cost base per unit, excluding selling and administrat
sammy [17]

Answer:

So markup percentage will be 8 % on total unit cost

Explanation:

We have given that cost base per unit including selling and  administrative expenses is $60

per unit cost of selling and and administrative expenses is $15

The company desired ROI per unit is $6

We have to calculate the markup percentage on total unit cost

Markup percentage on total unit cost is given by '

markup percentage = \frac{desired\ ROI}{cost\ base\ per\ unit+ The \ per\  unit \ cost \ of \ selling \ and \ administrative\  expense}=\frac{6}{60+15}=0.08=8%  

So markup percentage will be 8 % on total unit cost

3 0
3 years ago
Other questions:
  • Which of these is an effective way of guiding, modifying, and disciplining a child?
    12·1 answer
  • According to Hofstede's framework, a culture that scores low on ________ is characterized by individual stability and reputation
    7·1 answer
  • Where do banks get money to lend to borrowers??​
    5·2 answers
  • On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUs) representing 5 million of its $1 par common s
    6·1 answer
  • 1.4 is? a. perfect square b. rational number c. irrational number d. whole numbers​
    15·1 answer
  • Which of the following statements is true of a product sales-force structure? A product sales-force structure is characterized b
    7·1 answer
  • A company is 49% financed by risk-free debt. The interest rate is 8%, the expected market risk premium is 6%, and the beta of th
    15·1 answer
  • Oh so you like brainly? Name every rank
    10·2 answers
  • Formal communication in organizations follows the chain of command and is seen as official.
    11·1 answer
  • A legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds is called a(n):
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!