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
Vilka [71]
3 years ago
14

Sam received $10.50 in interest after placing money in his bank. if the account paid 4% in simple interest and he only left it i

n the account for 9 years, what is the principal?​
Business
1 answer:
ozzi3 years ago
7 0

Answer:

$29.166

Explanation:

I = p x r x t

Where I= Interest: $10.50

P= principal amount: ????

r= interest rates: 4% or 0.04

t= time in years: 9

Therefore;

$10.50 = P x 0.04 x 9

$10.50 = P0.36

P=$10.50/0.36

P=29.166

Principal = $29.166

You might be interested in
Longstreet inc. has fixed operating costs of $470,000, variable costs of $2.80 per unit produced, and its product sells for $4.0
vovangra [49]
The answer is 391 667 
I think it is right so be sure to check just in case
good luck
3 0
3 years ago
Cost-benefit analysis attempts to A. compare the real worth, rather than the market values, of various goods and services. B. co
statuscvo [17]

Answer:

<u>Letter D is correct. C</u>ompare the benefits and costs associated with any economic project or activity.

Explanation:

A cost-benefit analysis is a business approach used to ascertain the main strengths and weaknesses of an organization as a whole. This includes the process of all organizational activities, transactions, and other substantial requirements for the company. The purpose of this approach is to compare the benefits and costs associated with the organization's activities and find ways to reduce costs, time and maximize earnings.

8 0
3 years ago
Discounting cash flows involves
Triss [41]

Answer:

The correct answer is letter "D": discounting all expected future cash flows to reflect the time value of money.

Explanation:

Discounting cash flows takes place at any moment given when money is paid at one date but is received at a different point. Discounted cash flows are useful to measure the difference between the present value of money and the receivables that are expected to come at a later stage.

6 0
3 years ago
A businessman in New York is preparing an itinerary for a visit to seven major cities. The distance traveled, and hence the cost
enot [183]

Answer:

The answer is 5,040.

There are 5,040 different possible itineraries.

Explanation:

The number of different possible itineraries equals the number of the selection of 7 cities from a total of 7 cities where order is important.

We solve thus:

N = P^{7}_{7} = \frac{7!}{(7 - 7)!}

   = \frac{7!}{0!}

   = 7!

   = 7 X 6 X 5 X 4 X 3 X 2 X 1

   = 5,040

6 0
3 years ago
Billboard advertising is most effective for __________ advertising.
kakasveta [241]
"companies" advertising
5 0
2 years ago
Other questions:
  • Saskatchewan Forestry Company purchased a timber tract for $225,000 and estimates that it will be depleted evenly over its 10-ye
    15·1 answer
  • The manager of a savings and loan branch wants to estimate the average amount held in passbook savings accounts by the branch ba
    7·1 answer
  • ABC Inc. has a dividend yield equal to 3 percent and is expected to grow at a 7 percent rate for the next seven years. What is A
    14·1 answer
  • When calculating the inventory turnover at cost, the first step is to calculate A. Cost of goods sold B. Average inventory at re
    6·2 answers
  • Sarah has created a presentation to convince the executives at Sit Happens dog care, a regional chain of full service dog boutiq
    9·2 answers
  • Hannah was fired by Friendly Catering Company (FCC) without a valid reason. The company's employee handbook stated that employee
    5·1 answer
  • Company A has a beta of 0.70, while Company B's beta is 1.20. The required return on the stock market is 11.00%, and the risk-fr
    12·2 answers
  • Cactus Company purchased a new machine on August 1, 2017. At that time, the original cost of the machine was recorded at $180,00
    6·1 answer
  • Cullumber Co. processes jam and sells it to the public. Cullumber leases equipment used in its production processes from Marin,
    12·1 answer
  • Frozen Gold is a fast-growing chain of ice cream shops. It has acquired an edge over its competitors through its ability to prov
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!