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2 years ago

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After an initial investment of $20,000, Joseph's bank account has earned $16,000 in interest over the last 10 years. At what rat

e is he earning interest

1 answer:

Daniel [21]2 years ago

6 0

Answer:

what rate is he earning interest

Interest rate is 8%

Explanation:

I = C·i·t,

C Initial Investement

i Anul interest rate

t time

16000=20000*i*10

16000=200000*I

I=16000/200000

I=0,08

I=8%

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SECOND QUESTION

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LAST QUESTION

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We are informed from the question about an investigative reporter for a major metropolitan newspaper discovery about the doctors conducting clinical trials of a new cancer treatment drug are also the principal shareholders in Cancer Solutions Inc. And how The CFO was concerned that CSI might not be able to meet its annual performance objectives and in turn pay his anticipated multimillion-dollar bonus.

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The payment of the stock options to the manager will allow selling of stock at agreed price as well as date.

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