We first find out the amount in dollars of interest accrued after 2 years time.
Interest = Prt
where P is the principal, r is the rate and t is time
8% written in decimal fraction → 8/100 → 0.08
Interest = 17000 × 8% × 2
Interest = 1700 × 0.08 × 2
Interest = 2,720 dollars
We add the principal and the interest to get full amount paid, so:
17000 + 2,720 = 19,720
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Retention ratio = (net income - dividends) / net income
retention ratio = (20,000 - 6000) / 20000 = 14,000/20,000 = 0.7 = 70%
8 x 2 + 6x + 5=0
16 + 6x + 5=0
6x+21=0
6x+21-21=0-21
6x=-21
6x/6=-21/6
x=-7/2
Answer:
A
Step-by-step explanation:
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