Answer:
Zach will pay $4,725 in interest on the loan.
Explanation:
In calculating interest the formula that applies is
I= P x R x T
where I = interest
P = principal amount
R = interest rate
T= time
In the case of Zach
I= $18,900 x 5/100 x 5
I = $18,900 x 0.05 x 5
I =$945 x 5
I =$4,725
Interest for the loan is $4,725
Answer:
C. Private limited company
Explanation:
Ownership in a private limited company is restricted, unlike in a public limited company. The shareholders of a private limited company are usually family members, close friends, or people with a shared interest.
A private limited company can raise capital by selling additional shares. Because becoming a shareholder in a private limited company is restricted, private companies raise capital by selling shares to existing shareholders or to invited investors.
A savings account you can redraw from, while a certificate of deposite has to be left alone for a certain while, and it ussually gains more interest.
