All categories

1 year ago

Calculate the amount of interest on a $1,400 deposit at 4% interest for 5

Business

1 answer:

Aneli [31]1 year ago

5 0

Answer:

$280

Step-by-step explanation:

As per given question we have provided that :

$\purple\star$ Principal = 1400
$\purple\star$ Rate = 4%
$\purple\star$ Time = 5 years

Here's the required formula to find the Simple Interest :

${\longrightarrow{\pmb{\sf{S.I= \dfrac{PRT}{100}}}}}$

$\purple\star$ S.I = Simple Interest
$\purple\star$ P = Principal
$\purple\star$ R = Rate
$\purple\star$ T = Time

Substituting all the given values in the formula to find the Simple Interest :

$\begin{gathered}\qquad{\implies{\sf{S.I= \dfrac{PRT}{100}}}}\\\\\qquad{\implies{\sf{S.I= \dfrac{P \times R \times T}{100}}}}\\\\\qquad{\implies{\sf{S.I= \dfrac{1400 \times 4\times 5}{100}}}}\\\\\qquad{\implies{\sf{S.I= \dfrac{5600 \times 5}{100}}}}\\\\ \qquad{\implies{\sf{S.I= \dfrac{56 \: \cancel{00}\times 5}{1 \: \cancel{00}}}}}\\\\\qquad{\implies{\sf{S.I= 56 \times 5}}} \\\\\qquad{\implies{\sf{S.I= \$280}}}\\\\\qquad\star\underline{\boxed{\sf{\pink{S.I= \$280}}}}\end{gathered}$

Hence, the simple interest is $280.

$\rule{300}{2.5}$

You might be interested in

Compute conversion costs given the following data: direct materials, $381,400; direct labor, $196,500; factory overhead, $194,00

qwelly [4]

Answer:

Conversion costs: c.$390,500

Explanation:

Conversion costs are those production costs required to convert raw material to finished goods. Conversion costs include direct labor and manufacturing overheads costs.

Conversion Costs = Direct Labor cost + Manufacturing Overheads cost= Total Manufacturing Costs – Direct Material cost

With direct labor cost of $196,500; factory overhead cost of $194,000.

Conversion Costs = $196,500 + $194,000 = $390,500

4 0

2 years ago

You own a portfolio that has a total value of $210,000 and it is invested in Stock D with a beta of .87 and Stock E with a beta

Crazy boy [7]

Answer:

The dollar amount of the investment in Stock D is (x=$156470.59)

Explanation:

Let assume investment in Stock D = $x

Hence investment in Stock E = (210,000-x)

Portfolio beta=Respective betas * Respective investment weights

1= (x/210,000*0.87) + (210,000-x) /210,000*1.38[Beta of market=1]

(1*210,000) = 0.87x + 289800 -1.38x

290,000=0.87x+289800-1.38x

Hence x=(289800-210,000)/(1.38-0.87)

x= 79,800 / 0.51

x=156470.5882

x=$156470.59

6 0

2 years ago

How should sbs classify the spare parts that it expects to use within one year — as inventory or as a prepaid/other current asse

ahrayia [7]

Sbs could do it by starting to find out each functions of the spare parts.
If the spare parts is resided to be a part of the product, it should be classified as inventory.
IF the spare parts is resided for people who want to redeem warranty, it shold be classified as prepaid.
If the spare parts is part of research and development it should be classified as other assets.

8 0

2 years ago

What type of college would you need to attend to become a veterinarian?

pochemuha

Here are the best schools:
#1 Overall Score: University of California—Davis Davis, CA GPA: 4.5
#2 Overall Score: Cornell University Ithaca, NY4.1
#3 Tie Overall Score: Colorado State University Fort Collins, CO GPA: 3.9
#3 Tie Overall Score: North Carolina State University Raleigh, NC GPA: 3.9

5 0

2 years ago

King enterprises has an Total Asset Turnover ratio of 5.0, Profit margin of 3%, and a ROE equals to 18%. What is the firm's equi

LenaWriter [7]

Answer: 1.2

Explanation:

The DuPont Analysis is a method of calculating the Return on Equity by using various other ratios. It shows the relatiosnhips between variables in a firm and can help the firm know which areas to target to improve ROE.

Using the DuPont Analysis, the Return on Equity is;

ROE = Profit Margin * Asset Turnover * Equity Multiplier

18% = 3% * 5 * Equity Multiplier

18% = 0.15 * Equity Multiplier

Equity Multiplier = 18%/0.15

Equity Multiplier = 1.2

5 0

2 years ago