For the answer to the question above,
The simple interest formula is I = P * r * t
P is the principal (2,000)
r is the interest rate (7% or 0.07)
t is the time (5)
2000 * 0.07 * 5 = 700
$700.00 is the interest
Joe has to pay $700.00 in interest.
I hope this helps
Answer:
Step-by-step explanation:
Answer:
The correct answer is option B. Return on Investment.
Step-by-step explanation:
The return on investment is used when we want to measure the capacity of an investment, or compare it among several other investments.
Here the <u>benefit of a certain investment will be compared in contrast to the money invested. </u>
To calculate the return on investment there is a formula which will give us a percentage:
ROI = Margin on sales X asset turnover.
Now let's clarify what each of these things is:
Margin on sales: it is the result obtained from the calculation of benefits / sales.
Asset Rotation: this is the result obtained from the calculation of Average Total Sales / Assets.
The answer is $17.75, though usually the taxi company will pay for gas that the driver uses.
Yes because if you simplify 11/16 you would not get 3/4. Or a bwtter way is if you times 4 by 4 to get 16 as a denominator, then multiply 3 by 4 it equals more than 11/16.
