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Lostsunrise [7]
2 years ago
12

if money savings account earned 8% interest per annum, how much interest would be earned on 150.00 over 3 years?

Mathematics
1 answer:
Vlad1618 [11]2 years ago
8 0

Answer:

$36

Step-by-step explanation:

Use the simple interest formula, I = prt

Plug in the interest rate, original amount of money, and number of years:

I = prt

I = (150)(0.08)(3)

I = 36

So, $36 in interest would be made

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Thirty two point eight seven five
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The submarine went 1,200 feet below sea level. Enter the integer that represents the submarine's elevation.
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A company purchased $10,000 of merchandise on January 5 with terms 2/10, n/30. On January 7, it returned $1,200 worth of merchan
s2008m [1.1K]

Answer:

C. Debit Accounts Payable $8,800; credit Merchandise Inventory, $176; credit Cash $8,624.

Step-by-step explanation:

Data given in the question is inconsistent with the options given.

Terms 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

Purchases = $10,000

Returns = $1,200

Amount Due = $10,000 - $1,200 = $8,800

As the payment is made after discount period, so no discount will be availed. Full amount of $8,800 will be paid.

A similar and correct question is given below and answer is made accordingly.

A company purchased $10,000 of merchandise on January 5 with terms 2/10, n/30. On January 7, it returned $1,200 worth of merchandise. On January 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on January 12 is:

Debit Accounts Payable $10,000; credit Merchandise Inventory $200; credit Cash $9,800.

Debit Merchandise Inventory $8,800; credit Cash $8,800.

Debit Accounts Payable $8,800; credit Merchandise Inventory, $176; credit Cash $8,624.

Debit Cash $1,600; credit Accounts Payable $1,600.

Debit Accounts Payable $8,624; credit Cash $8,624.

Solution

Terms 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

Purchases = $10,000

Returns = $1,200

Amount Due = $10,000 - $1,200 = $8,800

As the payment is made within discount period, so discount will be availed

Discount = $8,800 x 2% = $176

Cash Paid = $8,800 - $176 = $8,624

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3 years ago
A european business has offered to donate to the Salvation Army, but they are requiring a detailed report on expenditures. Chase
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Answer:

Both processes are correct.

Step-by-step explanation:

Let the mile taken by Chase be 10miles .

He doubles it so it will be 20 and

20% of 20 will be 4

20-4 = 16km

Now Alex operations

(10/5 )*8 = 2*8= 16 km

In both cases the answer will be the same

1 mile = 1.60034 km

Now 10 miles = 16.00 34 km

which is the same as above.

Both the processes are correct.

7 0
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Find the reciprocal of 4/5
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Answer:

its 5/4! haha i used to be good at this when i was in 6th grade:)

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