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Mekhanik [1.2K]
3 years ago
14

In order to start a small business, a student takes out a simple interest loan for $8,000 for 9 months at a rate of 7.50%. How m

uch interest must the student pay PLEASE HELP NOW
Business
1 answer:
anygoal [31]3 years ago
6 0

Answer:

$450

Explanation:

To calculate simple interest, we apply the formula

I= P x r x t

Where I = interest

P= principal

r= interest rate

t= time in years

In this case, p=$8,000, r= 7.50% or 0.075, t= 9 months or 9/12 years which is 0.75 years

I =$8000 x 0.075 x 0.75

I= $600 x 0.75

I=$450

Interest is  $450

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UkoKoshka [18]

Answer:

$500 million

Explanation:

The solution of the money supply and its effect is here below:-

Decrease in money supply = $50 million ÷ reserve ratio

= $50 million ÷ 10%

= $500 million

If $50 million were used to repay loans, that will have raised money supply. Thus, buying $50 million in government securities from the fed reduces the supply of capital.

3 0
3 years ago
terin, the chief human resources officer for a major financial services company, has met with each of her employees to set their
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3 0
2 years ago
The ability to attract and manage _________may be the most important skill a strategic leader must have.
Mars2501 [29]

Answer:

Human Capital

Explanation:

A leader must be able to control a team (human capital), lead it, and push them to obtain the results needed.

6 0
1 year ago
An establishment owned by two or more persons in which only one person has unlimited personal liability for the business describ
chubhunter [2.5K]
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Ferdows​ Electronics, Inc.​ (FEI), produces short runs of custom microwave radios for railroads and other industrial clients. Yo
zmey [24]

Answer:

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Explanation:

The calculation of the number of kanban containers needed is given below:

= (Lead time demand + Safety stock) ÷ kanban size

where,

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