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
Paraphin [41]
2 years ago
7

Wang, Inc. borrowed $10,000 from Second National Bank on January 1, 2010. The loan is to be repaid on July 1, 2010, along with i

nterest at 6% per year. How much interest should be paid on July 1?
Business
1 answer:
mrs_skeptik [129]2 years ago
6 0

Answer:

$300

Explanation:

Given that:

Amount borrowed = $10000

Date borrowed = Jan 1, 2010

Repayment date = July 1, 2010

Interest rate = 6% ; time = 6 months = 0.5 year

Using the relation :

A = P(1 + rt)

A = final amount to be paid

A = 10000(1 + 0.06*0.5)

A = 10000(1 + 0.03)

A = 10000(1.03)

A = $10,300

Interest paid = $10300 - $10000 = $300

You might be interested in
Suppose your elasticity of demand for your parking lot spaces is –2, and price is $8 per day. if your mc is zero, and your capac
marshall27 [118]
The answer to the question above is "no, the business is not optimizing" according to the information shown on the question above. In this situation, we have the greater marginal revenue (4=8*(1-1/2)) than the marginal cost (0)and the business is not in its full capacity. The parking lot business can increase its marginal cost to achieve its full capacity to gain more profit.
7 0
2 years ago
If a corporation offers 1,000 shares of stock and you buy 300 shares:
LuckyWell [14K]

you own 30% of the shares issued.

5 0
3 years ago
After an ems run, your partner suggests you write down vital signs differently than the ones obtained
SVETLANKA909090 [29]

During an EMS run and your partner instructed you and suggests you to do and write vital signs written differently than of the original record obtained, it would likely affect the treatment that could be administered in the patient. The vital signs are basic and yet they are important in a person’s data for they are a critical data and it is where medical professionals base their treatment and assessment to the patient. If this is written differently, not only will affect the treatment but it could also cause conflicts and there will be consequences to the people who are involved such as having suspended or fired in their line of work or having to have criminal charges.

5 0
3 years ago
What is an important part of taking meeting minutes?
Makovka662 [10]
An important part of taking meeting minutes is C. PAYING CLOSE AND CAREFUL ATTENTION.

A meeting minutes can be described as a log of chronological event within the meeting. It is a log wherein everything that happened during the meeting is noted. Like who led the meeting, the topics discussed, the questions raised and the answers given. It also records the plans for future discussions and resolutions reached during the meeting.
3 0
2 years ago
Physical or mental injuries caused by a crime are known as what?
maksim [4K]
Assault and battery because Battery is a criminal offense involving the unlawful physical acting upon a threat, distinct from assault which is the act of creating apprehension of such contact. In the United States, criminal battery, or simply battery, is the use of force against another, resulting in harmful, offensive or sexual contact.
5 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following practices will lead to sustained, superior performance in organizations?A. limiting the decision-making a
    9·1 answer
  • Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insure both cars with t
    6·1 answer
  • Low-balling is a sales technique where the salesperson quotes a low price for a car to get you to make an offer, and negotiates
    15·1 answer
  • Which of the following is NOT a core component of the Federal Reserve Bank?
    7·1 answer
  • Rather than determining whether a culture has good or bad ethics, it is best to look for practical solutions to the cultural cha
    14·1 answer
  • A company wants to persuade a customer to buy its products. if the consumer is characterized as having a high degree of involvem
    9·1 answer
  • Suppose a movie theater determines it can charge different prices to patrons who go to weekday matinees and people who attend ev
    10·1 answer
  • A large film production company merges with a popular sound processing studio, resulting in the formation of a new company out o
    6·2 answers
  • I need help on this question please
    12·1 answer
  • Marshmallow, inc., accounted for an investment in sweet wheat cracker co. using the equity method. during the current year, mars
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!