The formula is
A=p (1+rt)
A future value 1650
P present value 1200
R interest rate 0.08
T time?
1650=1200 (1+0.08t)
Solve for t
Divide both sides by 1200
1650/1200=1+0.08t
Subtract 1 for both sides
(1650/1200)-1=0.08t
Divide both sides by 0.08
T=((1,650÷1,200)−1)÷0.08
T=4.69 years round your answer to get 5 years
Another way using the formula of simple interest
I=prt
I interest earned which can be found by subtracting the present value from the future value (A-p)=1650-1200=450.
P principle 1200
R interest rate 0.08
T time?
Solve the formula for t
T=I/pr
T=450÷(1200×0.08)
T=4.69 years round your answer to get 5 years
Hope it helps!
That statement is true.
Linger period of unpaid receivable indicates either the person who held it couldn't afford to pay back or that person already fled away.
Therefore, the company will most likely will receive lesser amount of that receivable chunk under this situation.
Flyer would have to cut $2 per unit in order to meet the new target cost.
<h3>What is target cost?</h3>
The target cost of a product is the expected selling price of the product minus the desired profit from selling
First, we need to get the target cost
= Target Selling price per unit - Target profit per unit
= $48 - ($48 x 0.125)
= $48 - $6
= $42
Then, Flyer have to cut costs per unit
= Cost for product - Target cost
= $44 - $42
= $2
Hence, Flyer would have to cut $2 per unit in order to meet the new target cost.
Learn more about target costs here: brainly.com/question/15237816
#SPJ1
<span>The fact that the single Indian biology professor Anish was not given home loan from the local national bank because </span>minority group members are risky because they are not likely to hold a steady job is an example of institutional discrimination.
I<span>nstitutional discrimination is </span>discrimination that has been incorporated into the structures, processes and procedures of organizations.
