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AlladinOne [14]
2 years ago
6

Find the effective rate of interest to the nearest hundredth percent if $60.94 is earned in one year on a deposit of

Business
1 answer:
Nata [24]2 years ago
8 0

Answer:

6.25%

Explanation:

The formula for calculating interest rate is as follows

I= P x R x T

Where

I= interest,  P= principal amount, T is time

in this case: I= $60.94, P=$975, T=1 year

Therefore:

$60.94 = $975 x( r/100) x 1

$60.94 =975(r/100) multiply both side by 100 to get rid of the fraction.

6094=975r

r = 6094/ 975

r = 6.2502

interest rate = 6.25%

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A five-sided lot has the following dimensions: side A = 44', side B = 67', side C = 91', side D = 18', and side E = 55'. What is
enyata [817]

Answer:

275

Explanation:

You will add all the figures;that is;44+67+91+18+55=275

5 0
3 years ago
One example of the role of democracy in education is
erma4kov [3.2K]
I’m pretty sure the answer is C. To cultivate responsibility in our students
5 0
2 years ago
Suppose the price of rice increases and you view rice as an inferior good. The substitution effect results in a ________ change
notka56 [123]

Answer:

B. negative, positive

Explanation:

Substitution effect : Price rise of a good makes it relatively expensive, decreases its demand. Price fall of a good makes it relatively cheap, increases its demand.

So: Substitution Effect is always negative as per above explanation.

Income Effect : Price rise of a good decreases real income/ real purchasing power of consumer & reduces demand of all goods. Price fall increases real purchasing power & increases demand of all goods.

Income effect is positive in case of Normal Goods, normal good demand is positively related to income. The effect is negative in case of inferior goods, inferior good demand is negatively related to income.

Hence: Price rise of rice - Substitution effect results in negative change  in rice consumption.  {∵substitution effect always negative}

Income Effect leads to positive change in rice consumption {∵price rise reduces real income & income effect is negative for inferior goods}

5 0
3 years ago
Read 2 more answers
Which of the following is a pair of events which are mutually exclusive?
Lemur [1.5K]

Answer:

C. Sleeping in late and waking up early.

Explanation:

Two or more events are said to be mutually exclusive if and only if they can't happen at the same time.

Going with the above brief analysis, we.can easily say which of the pair of events is not mutually exclusive.

1. Rolling a 4 on a six-sided die and on a four-sided die

It's 100% possible to have an outcome of 4 when a 4 sided die and when a 6 sided die are rolled, whether at the same time or on different occasions. So, this pair of events are not mutually exclusive

2. Making rice and making corn

This pair of events are not mutually exclusive because it's possible to make rice and corn at the same time either together as a meal or separately using different cooking utensils

3. Sleeping in late and waking up early

This pair of events are mutually exclusive. This is so because literally, it's not possible to sleep late and wake up early at the same time.

You sleep early to wake early and you sleep late to wake late.

4. Going to work and riding the bus.

This pair of events are not mutually exclusive because they can occur at the same time when you go to work a bus.

So, option C is the correct answer

4 0
3 years ago
Gary wants to create a perceptual map for positioning using the attribute-based approach. He comes to you for advice as to how h
Bad White [126]

Answer:

a. Determine the specific questions to be used for the two types of ratings: (1) How does our company rate on a number of attributes? (2) How important is each of these attributes?

Explanation:

            Perceptual map may also be called as Market Mapping. It is a diagrammatic technique that is used by the asset marketers which attempts to visually display the perceptions of the customers or the potential customers. Positioning of the brand is influenced by the customer perceptions rather than those of any businesses.

            In the context, Gary in order to form a perpetual map for the positioning, he should first determine some specific questions for the two types of the ratings -- how his company rate on the number of the attributes and the importance of these attributes.

Hence, option (a) is correct.

3 0
3 years ago
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