Answer: 104 reviews
Explanation:
Number of customers reviews = 160
Percentage of customer reviews that were excellent= 65%
.
Number of customer reviews that were excellent will be:
= 65% × 160
= 65/100 × 160
= 0.65 × 160
= 104
104 reviews were excellent.
It would take 95 days for Kaleb to get his desired APR.
Since Kaleb wants to get a payday loan in the amount of $ 375, and he is hoping to find one that has an APR of 40%, if Kaleb finds a business that charges a fee of $ 37 for the loan, to determine what the term of the loan need to be in order for Kaleb to get his desired APR, the following calculation must be performed:
- APR = 37/375 x 365
- APR = 0.098 x 365
- APR = 36
- 100 = 365
- 36 = X
- 36 x 365/100 = X
- 13140/100 = X
- 131.4 = X
- 131.4 - 37 = 94.4
Therefore, it would take 95 days for Kaleb to get his desired APR.
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Using simple interest, she will have $410 at the end of six months.
Principle = $400
Rate = 5%
Time equals 6 months, or 0.5 years.
Simple interest is equal to PRT/100.
S.I. = 400*5*(1/2)/100
S.I. = 10
Consequently, $400 plus $10 equals $410.
<h3>What is simple interest?</h3>
To calculate the amount of interest that will be charged on a loan, use the quick and easy formula known as simple interest. For the purpose of calculating simple interest, the daily interest rate, the principal, and the number of days between payments are multiplied.
A loan's principal or the first deposit into a savings account serves as the basis for simple interest. Because simple interest doesn't compound, a creditor would only pay interest on the principal sum, and a borrower will never have to pay interest on the interest that has already accrued.
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Answer:
decreases as the investor increases the number of stocks in her portfolio.
Explanation:
In Business, a portfolio can be defined as a wide range of financial investments such as bonds, stocks, cash, commodity, real estate, cash equivalent, art etc that are being held by an individual or organization.
The risk associated with a portfolio decreases as the investor increases the number of stocks in her portfolio.
This ultimately implies that, as the number of assets being held by an individual or organization increases, the risk associated with such a portfolio decreases. Generally, this is referred to as diversification.
Answer: Philippine Deposit Insurance System.
Explanation:
It is a private equity deposit insurance corporation created in 1963. Corporation was established to promote and safeguard the interests of the public who take out insurance coverage on all insured deposits. The corporation aims to strengthen the mandatory deposit insurance system. The mission of the corporation is to create greater confidence in the country's banking system and create greater security for all service users. Deposit Insurance provides a maximum deposit insurance coverage of PHP 500,000 per depositor per bank. The Deposit Corporation is a corporation primarily through banks' estimates at an annual fixed rate of 1.5% of 1% of their total deposit liabilities. All accounts maintained by the bank are covered by deposit insurance. PDIC exists for reasons to protect their depositors by providing them with deposit insurance services. All member banks of this group provide these services.
