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disa [49]
2 years ago
9

John borrows $100 dollars from ed. They agree that john will pay back the loan in two months at a rate of 10 percent monthly. If

john pays back exactly $120, then the interest was.
Business
1 answer:
ludmilkaskok [199]2 years ago
6 0

Since john pays back the amount of $120, then, the interest is known as Simple interest.

The Simple interest is the easiest method of calculating an interest rate on a loan.

  • However, the compound interest is entails interest derived on a loan based on initial principal and the accumulated interest over period of time

Hence, since john pays back the amount of $120, then, the interest is known as Simple interest because the interest is not accumulated.

Read more about this here

<em>brainly.com/question/7508525</em>

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Answer:

I realized that sports is my thing, although I'm not that athletic. I always have a blast whenever I'm engaging in sports. I also like watching it on television.

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A farmer sells $50,000 worth of apples to individuals who take them home to eat, $75,000 worth to a company that uses them all t
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Answer:

The answer is: $150,000

Explanation:

The GDP includes all the final, finished and legal products produced in the country during a year.

The apples sold directly by the farmer to individual consumers and the apples the grocery store sells to households are both going to be included in the GDP.

The only apples not included in the GDP are the once sold to the company that produces apple juice, since they are intermediate goods and not finished goods.  

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3 years ago
Transactions for Sheridan Company for the month of May are presented below. Prepare journal entries for each of these transactio
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Answer:

May 1

Cash $4,350 (debit)

Common Stock $4,350(credit)

May 3

Equipment $1,055 (debit)

Accounts Payable $1,055 (credit)

May 13

Rent Expense $394  (debit)

Cash $394  (credit)

May 21

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Explanation:

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On November 1, 2015, Elli Company declared a dividend of $3.00 per share. Elli Company has 20,000 shares of common stock outstan
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Answer:

Option (b) is correct.

Explanation:

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Retained Earnings [$3 × 20,000] A/c    Dr. $60,000

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(To record the declaration of dividend)

(ii) On November 30, 2015

Dividend Payable  A/c     Dr. $60,000

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3 years ago
Country b has a gdp of $1 trillion and a gdp per capita of $27,000. its economy is a mix of manufacturing, high tech, services,
liberstina [14]

Based on the descriptions of the economy, the type of economy that country b has is a developed economy.

<h3>What is a developed economy?</h3>

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