The formula is
I=prt
I interest earned 16
P principle 1300
R interest rate 0.04
T time t/365days
16=1300×0.04×(t/365)
Solve for t
T=(16÷(1,300×0.04))×365
T=112.3 days round your answer to get 112 days
Hope it helps!
She would have to pay back for the more expensive interest than the less expensive interest which will be calculated in the form of simple interest and compound interest .
Simple interest
10000 x .07 = 700
700 x 5 = 3500
total 13500
Compund interest
10000(1.06)^5 = 13382.26
13500 - 13382.26 = 117.74
118 rounded
Learn more about simple interest and compound interest here :
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Large companies have the ability to take advantage from the economies of scale through offering goods which are more affordable than other smaller retailers. This is because as the company grows, their unit cost decreases due to some factors caused by the economies of scale.
Answer:
Explanation:
One distinct difference between PERSONAL SELLING and other forms of advertising is that buyers and sellers can interact "face-to-face". There is usually a dialogue and an exchange of information.
Answer:
The answer is a convenience product
Explanation:
Convenience products, also known as low involvement purchases are goods, items or consumables which consumers buy frequently without thinking too much or exerting much effort.
This kind of products are usually of low prices and are very much available at convenient locations like drug stores, supermarkets, pilot gas station and convenience stores. Examples of convenience products include milk, candy, chocolate, laundry detergents, sugar, fast food, and magazines.
