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ankoles [38]
3 years ago
15

Kari would like to make a down payment on a house. She currently has $7000. What interest rate must Kari receive for her investm

ent to double in 7 years?
Business
1 answer:
Step2247 [10]3 years ago
5 0

Answer:

10.29%

Explanation:

Rule of 72 can be defined as a metric used to determine the time it will take to double an investment based on its growth rate.

To find the interest rate Kari must receive for her investment to double in 7 years, we would use the Rule of 72;

Rule of 72 = 72/7

Rule of 72 = 10.29%

Therefore, Kari must receive an interest rate of 10.29% for her investment to double in 7 years.

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Revising for Conciseness - Rejecting Redundancies and PurgingEmpty Words
ludmilkaskok [199]

Answer:

Answer (A) - 1 and 2

Answer (B) - 3

Answer (C) - 2

Explanation:

There are three sections to this question.

PART A: Rejecting Redundancies

Among the 4 options given in this section, the redundancies are

1. Adequate enough

2. Combined together

Why? Because there is repetition in the phrases! Adequate is the same thing as Enough and Combined means the same thing as Together.

PART B: Purging Empty Words

For the statement given, the option containing the empty words is

3. "that was unfinished"

Why? Because this is the unnecessary phrase that needs to be eliminated from the sentence, not even for conciseness sake but for the sake of proper grammar and better comprehension by the reader.

PART C: Revising a Passage

For the passage given, the type of revision that could be made to make it more concise is

2. Drop unnecessary fillers

Why? Because the second statement in the passage was an unnecessary filler. It contained information that required story telling about the efforts of "Jump High Schools".

3 0
3 years ago
Which of these is an example of an inelastic good?
pishuonlain [190]

Answer:

A. Medicine

Explanation:

Inelastic good is a product whose demand does not fluctuate with price changes. It means the demand for the good remains constant even if prices increase or decrease. The term inelastic symbolizes the demand for the good is static.

Medicine has an inelastic demand. Patients need medication regardless of prevailing prices. An increase or decrease in prices of medicines does not influence the demand. The term inelastic contrast elastic demand, which is the demand that varies with changes in prices.

6 0
3 years ago
The concept by which pay is distributed based on work produced rather than hours worked was called _______________.
Andrei [34K]
The concept by which pay is distributed based on work produced rather than hours worked was called piece work. <span>Piece </span>work<span>, or output </span>work<span> as it is sometimes </span>called<span>, is </span>the concept<span> that workers are </span>paid<span> for </span>work produced rather than<span> the number of </span>hours worked<span>. Hope this answers the question. Have a nice day.</span>
7 0
3 years ago
What are important of storing​
Free_Kalibri [48]

Answer:

I'm sorry, but the way you worded this is impossible to understand. SO therefore, I cannot answer your question.

Explanation:

8 0
3 years ago
According to classical economics, a decrease in aggregate demand causes the price level to _____________ in the long run. On the
shtirl [24]

Answer: Decrease, Increase, Price flexibility.

Explanation: According to classical economics, a decrease in aggregate demand causes the price level to DECREASE in the long run. On the other hand, an increase in aggregate demand causes the price level to INCREASE in the long run. These changes occur because of PRICE FLEXIBILITY.

In a flexible market the forces of demand and supply determines the prices of commodities in the market.

As the demand Falls the prices also fall as the demand rises the prices of commodities also rises.

3 0
3 years ago
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