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
forsale [732]
3 years ago
6

If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan

Business
1 answer:
Anni [7]3 years ago
4 0

Answer:

7,540

Explanation:

Principle is $13,000

Rate is 5.8%

Time is 10 years

Therefore the simple interest can be calculated as follows

= principle × rate × time

= 13,000 × 5.8/100 × 10

= 13,000 × 0.058×10

= 7,540

Hence the simple interest is 7,540

You might be interested in
What is word of mouth promotion?<br> ​
Colt1911 [192]

Answer:

Word of mouth promotion is a marketing tacnique

Explanation:

Word of mouth promotion is considered as an important advertising technique that helps to increase customers and attract more on the way. When customers are happy, they will steer dozens of other people, and this is how word of mouth works. According to a study, 28% of people consider word of mouth as an important marketing strategy.

4 0
3 years ago
Treasury stock is:
VashaNatasha [74]

Answer:

a. Common stock acquired by the company in the open market & recorded as negative equity

Explanation:

A stock which is buy back from the market at market rate issued by the company. It reduces the total outstanding shares of the company. It is the difference of Number of share issued and Number of share outstanding. Its account is consider as contra equity account. So the correct option is a. Common stock acquired by the company in the open market & recorded as negative equity.

7 0
3 years ago
Read 2 more answers
Total quality management theorizes that if workers are more responsible, they will
sleet_krkn [62]

Answer:

the answer is A, hope i helped (:

a. increase overall quality

Explanation:

3 0
3 years ago
Read 2 more answers
Over time, technological advance increases consumers' incomes and reduces the price of smartphones. Each of these forces increas
viva [34]

Answer: The correct option is C. One, zero.

Explanation:

When income elasticity is greater than one, it indicates that the quantity demanded is greater than the rise in income.

As quantity demanded increases, it will lead to a decrease in price to the extent that the percentage change in price will outweigh the percentage change in quantity demanded, meaning that the price elasticity is greater than zero.

When these two elasticities are combined, the resulting effect will be an increase in the level of consumer spending on smartphones.

7 0
3 years ago
A small construction firm specializes in building and selling single-family homes. The firm offers two basic types of houses, mo
Dovator [93]

Answer

The answer and procedures of the exercise are attached three images. The maximum profit is 262.500

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in three images.

8 0
3 years ago
Other questions:
  • Given the following information, calculate the net present value:Initial outlay is $50,000; required rate of return is 10%; curr
    14·1 answer
  • Problem 4-6 (Algo) Income statement presentation; Discontinued operations; EPS [LO4-1, 4-3, 4-4, 4-5] Rembrandt Paint Company ha
    5·1 answer
  • Intro to Investing Math Quiz
    5·1 answer
  • Clearwater Hampers is a small British company that sells luxury food and drink gifts in various combinations in picnic hampers.
    8·1 answer
  • Identify each of the following transactions as:
    6·1 answer
  • Kawamura, a careful utility maximizer, consumes peanut butter and ice cream. Assume that both peanut butter and ice cream are no
    8·1 answer
  • Consider the following information: the marginal products of labor for the US in producing Cars and Wheat are 24 and 18. Given t
    8·1 answer
  • Andrews Company manufactures a line of office chairs. Each chair takes $12 of direct materials and uses 1.9 direct labor hours a
    14·1 answer
  • seasonal indices of sales for the black lab ski resort are for 1.20 for january and .80 for december. if december sales for 1998
    9·1 answer
  • firms should emphasize the importance of consistently good customer service to its employees so that good customer service becom
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!