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
Elodia [21]
3 years ago
13

Mary invested $200 for 3 years at 5% per annum. John invested $300

Business
1 answer:
irga5000 [103]3 years ago
7 0

Answer:

b. 2

Explanation:

Simple interest is calculated using the formula

I = p x r x t

Where p= principal amount

r= interest rate

t= time in years

Mary invested $200, at 5% for three years. She earned a simple interest of;

I= $200 x 5/100 x 3

=$200 x 0.05 x 3

=$30

If John received the same amounts, It means

$30= $300 x 0.05 x t

$30 = $15t

t= $30/$15

t=2

Time is 2 years

You might be interested in
Lucy will open a checking account and 3 savings accounts for different purposes (emergency fund, gift fund, and education fund).
Bess [88]

The item that should not be among Lucy's main considerations in selecting these accounts are that the account recommended for somebody with different needs.

<h3 /><h3>What is checking account?</h3>

A transaction account is a deposit account kept at a bank or other financial institution. It is also known as a checking account, checking account, current account, request deposit account, or shared draft account at credit unions.

In the above situation, Lucy will have to pay the amount of interest to be on deposits, and eligible to any advantages of having all the accounts at the same bank.

Lucy will also bear the fees for having multiple savings accounts, as having a multiple accounts increases the fees of all the accounts.

The account cannot be opened for the need of somebody, it is opened for the banking transactions and for depositing the money.

Therefore, option A is correct.

Learn more about the checking account, refer to:

brainly.com/question/20984186

8 0
2 years ago
Solvency refers to: A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay
Papessa [141]

Answer:

A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay debt when due.

Explanation:

Solvency is defined as the long-term ability of a business the generate enough cash flow that will allow it to continue its operations and also to pay of its debt when due.

It is used as a measure of the financial health of the business.

A business with good solvency has a high probability of remaining in operation for the foreseeable future.

4 0
3 years ago
If a fraudster manipulates the assumptions used to calculate depreciation charges in order to increase earnings to a desired fig
liubo4ka [24]

Answer:

Playing the accounting system

Explanation:

Playing the accounting system means fraudsters introduces false information or influences the way the accounting system operates so that results will give higher amounts than one would normally get.

For example creating fictitious customers and assigning sales figures to them, aimed at inflating sales.

In the given instance the fraudster manipulates the way the accounting system calculates depreciation in order to gain from the inflated figures.

8 0
3 years ago
How do you poop it out
ANEK [815]

Answer:

Uhhh what type of statement is this, is this a question???????

8 0
3 years ago
Read 2 more answers
Which of the following are advantages of PERT and CPM? (I) It is visual. (II) It is automatically updated. (III) Activities that
Alecsey [184]

Answer:

A. III only

Explanation:

One of the very useful tools in project management analysis is the PERT and CPM.

PERT (Program evaluation and review technique) provides valuable information regarding which activities need to be closely watched.

While CPM (Critical Path Method) helps in determining the time required to complete each task, and the minimum time required to complete a project.

Both CPM and PERT serve similar purposes by helping to determine projects or activities that need to be watched closely.

7 0
3 years ago
Other questions:
  • If Firm A acquires Firm Z when firm Z has a book value of assets of $150 million and a book value of liabilities of $30 million.
    12·1 answer
  • The April 30 bank statement for Trimble Corporation shows an ending balance of $40,262. The unadjusted cash account balance was
    7·1 answer
  • Katie is buying a house and is looking for the best home loan to pay for her purchase. What loan should she choose?
    10·2 answers
  • Your family owns a small construction company, copperbuild, that builds custom homes for an upscale architectural firm. your two
    15·1 answer
  • Sales of mobile phones in the United States are still increasing, but the rate of growth has slowed. Sales are expected to peak
    12·2 answers
  • Which of the following is the LEAST likely explanation for a firm's high ROE? A. The firm is growing. B. The firm is able to fin
    8·1 answer
  • Stocks differ from bonds​ because:A.bond cash flows are known while stock cash flows are uncertain.B.firms pay bond cash flows p
    14·1 answer
  • Which was the major reason for the creation of corporations?
    6·1 answer
  • Doris lewis owns lewis edibles, inc., a company that makes tongue tinglin' bbq sauce. she wants to target local people who like
    6·1 answer
  • Green Melon Electronics Company's management plans to finance its operations with bank loans that will be repaid as soon as cash
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!