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lilavasa [31]
3 years ago
13

If you invest $4,200 at a 8. 5% simple interest rate, approximately how many years will it take for you to have over $6,300?.

Business
1 answer:
puteri [66]3 years ago
8 0

The number of years it would take to have over $6,300 is 6 years.

Simple interest is a type of interest in which interest is earned only on the amount of money deposited.

The formula that can be used to determine the number of years is: Interest / (principal x interest rate)

Interest = $6300 - $4,200 = $2100

Time = $2100 / ($4200 x 0.085)

2100 / 357

Time = 5.88 = 6 years

A similar question was answered here: brainly.com/question/2294792

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Which type of listening takes place when the listener tries to discern the deeper meaning of a speaker’s words?
Tems11 [23]

C.)intuitive listening takes place when the listener tries to discern the deeper meaning of a speaker’s words.

A.)Active

B.)efficient

Explanation:

Intuitive listening means that the person who is listening is trying to understand as well as imbibe what the other is saying to a deeper level.

This involves actively thinking about what the other person is saying and then critically discerning what it really means above the meaning of its own words.

Then the person who is listening reaches to the 'deeper' meaning or the essence of what the other person is trying to say.

This is the process that is involved in intuitive listening.

8 0
4 years ago
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John and Lisa hold the same position at Flyberry Electronics. However, John earns more than Lisa. In the context of pay structur
Shtirlitz [24]

Answer:

a. John works the night shift,and night hours are less desirable for most workers.

Explanation:

The Equal Pay Act of 1963 established that employees must earn the same wage for similar jobs performed regardless of their gender. This means that you cannot pay someone more for being a men if the job done is the same. If any difference in wages exist, it must be justifiable in some way, e.g. different responsibilities, different labor conditions, serve different markets, etc.

In this case, since fewer people want to work on the night shift, in order to attract workers, the company might pay more for doing so. US laws does not require for night shifts to be paid higher wages, but the law of demand and supply might be responsible for the higher wages (demand and supply of labor).

7 0
3 years ago
Whenever there is a shortage at a particular price, the quantity sold at that price will equal: the quantity demanded at that pr
Marat540 [252]

Answer: C. the quantity supplied at that price.

Explanation:

A shortage for a good occurs when the current market price is less than the equilibrium price. So, whenever there is a shortage at a particular price the quantity sold at that price will be less than the quantity demanded. The amount of shortage is equal to quantity demanded minus quantity supplies. And the quantity sold is equal to the quantity supplied at that price.

8 0
3 years ago
The Work-in-Process inventory account of a manufacturing firm shows a balance of $3,250 at the end of an accounting period. The
max2010maxim [7]

Answer:

$1.25

Explanation:

With regards to the above and given that;

Direct material = $510 310

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Manufacturing overhead?

Work in process = Direct material + Direct labor + manufacturing overhead

$3,250 = $820 + $1,080 + MOH

$3,250 - $1,900 = MOH

MOH = $1,350

Overhead rate = MOH/Direct labor hour

= $1,350/1080

= $1.25

3 0
3 years ago
The adjusting entry to account for use of prepaid insurance consists of: Multiple Choice a debit to Insurance Expense and a cred
Jet001 [13]

Answer:

a debit to Insurance Expense and a credit to Prepaid Insurance

Explanation:

The adjusting entry to record the prepaid insurance is shown below:

Insurance expense Dr XXXXX

           To Prepaid insurance  XXXXX

(Being the prepaid insurance account is adjusted)

For recording the adjusting entry, we debited the insurance expense and credited the prepaid insurance account so that the proper posting could be done

7 0
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