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AlladinOne [14]
3 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]3 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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________ involves defining the firm's marketing mix variables so that target customers have a clear, distinctive, desirable unde
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3 years ago
Perhaps the most significant federal statute specifically addressing cyber crime is the:________.
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Answer:

c. Computer Fraud and Abuse Act.

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3 0
3 years ago
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Anna11 [10]

Answer:

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given data

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solution

we get here Variable Cost per hour that is express as

Variable Cost per hour = (Highest Cost - Lowest Cost) ÷ (Highest Cost Driver - Lowest Cost Driver)   ......................1

put here value and we get

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