Answer:
$1,200,000
Explanation:
The computation of the accrued interest is shown below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $48,000,000 × 10% × (3 months ÷ 12 months)
= $1,200,000
We simply applied the simple interest formula by considering the principal amount, rate of interest and the number of months so that the correct amount could come
Certificates of deposit is considered a low-risk investment.
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Explanation:
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CD s or Certificates of Deposits are the accounts for making deposits and are offered by banks. These funds that you deposit in this account will be safer and it should be deposited for some specific time period. There will not be any uncertainty associated with this type of investments.
The interest rates will not be change based on any factors.But the advantage is that if you want to withdraw the invested amount before the maturity period there should be some penalties associated with that. So we can have several CD account to withdraw during the maturity dates.
Based on the damages that Kyle's automobile acquired, the automobile insurance that would cover this damage would be a COMPREHENSIVE PHYSICAL DAMAGE. This kind of insurance is what protects your vehicle and since it is comprehensive, other damages including fire and theft could also be covered.
Perception benefits.
Gatorade wants anyone who uses their product and sees their logo to associate it (aka<em> have the perception</em>) that the user is athletic.
Answer:
There is a 0.2419% for a foreman to earn either $1,100 or $900
Explanation:
We calculate the probability of a normal distribution of 0;1
(X-mean)/deviation = Z
(1,100 - 1,000)/100 = 100/100 = 1
900 - 1,00/100 = -100/100 = -1
Given the zame Z value, we have the same probability of a foreman to earn 1,100 or 900
As we are asked for the foreman salary, wewill calcualte the Z for non cumulative, just the probability of a foreman to earn 1,100 or 900 dollars.
We look into the normal distribution table for the value of z = -1 or 1
0.002419707 = 0.2419%