Determine the simple interest. Unless noted otherwise, assume the rate is an annual rate. Assume 360 days
Question:
Determine the simple interest. Unless noted otherwise, assume the rate is an annual rate. Assume 360 days in a year. Round answers to the nearest cent.
p = 425, r = 1.92%, t = 6 years
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
i pr...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Question Posted:
Students also viewed these Mathematics questions
-
Solve algebraically. Round answers to the nearest hundredth. a. 4 + 5x =18 b. 12(0.5)2x = 30 c. log3 15 = log x/log x d. log6 100 = x e. 2 logx = 2.5 f. log5 53 = x g. 4 logx = log 16 h. log(5 + x) -...
-
Solve each equation. Round answers to the nearest hundredth as needed. = 64 %3D 4,
-
Solve each equation. Round answers to the nearest hundredth as needed. 0.03 8(4) 4 A = 2000 1 +
-
The US Womens Swimming Team won the 1500 m relay at the 2016 Olympic Games. Here are the completion times, in seconds, for all eight teams that competed in the finals: a. Calculate the sample...
-
It is well known that a placebo, a fake medication or treatment, can sometimes have a positive effect just because patients often expect the medication or treatment to be helpful. The article "Beware...
-
Explain the difference between the terms interest rate and discount rate used in the economic analysis for determining a profitability of investment in a capital project.
-
The random variable x represents the number of misprints in a page of a book. Determine whether the distribution is a probability distribution. If it is not a probability distribution, explain why. x...
-
The following information relates to Starbucks for the year ended October 2, 2011: net income 1,245.7 million; unrealized holding loss of $10.9 million related to available-for-sale securities during...
-
Bobby Collins decided to start a dental practice. The first five transactions for the business follow. 1. Collins invested $45,000 cash in the business. 2. Paid $15,000 in cash for equipment. 3....
-
Edmonton Ice Rink purchased a Zamboni ice-resurfacing machine for $21,000, terms 2/10, n/60, FOB shipping point. Edmonton Ice received a freight invoice from On-time Delivery for $380. Edmonton Ice...
-
What finance charge will Don pay the bank? Don purchases a new bicycle that sells for $2350 using a bank loan. To finance the loan the bank will require a down payment of 15% and monthly payments of...
-
Change the percent to a decimal number. 123%
-
Is (3.3.1) true for the sets depicted? Theorem 7 is stated for convex sets, but it does not mean that (3.3.1) cannot be true for a non-convex set.
-
Lottery A offers a 70 % chance of winning $45 and a 30 % chance of losing $100. Lottery B offers a 60 % chance of winning $55 and a 40 % chance of losing $85. Lottery C offers an 80 % chance of...
-
Explain the problems that would arise from comparing price indexes for computers over the last three decades.
-
What is the capital asset pricing model (CAPM)? What are the assumptions of this model? What does it tell us?
-
Under what conditions might stratified random sampling or cluster sampling be preferable to simple random sampling? Explain.
-
Briefly explain what the dominance principle is and how it can be used in risk and- return analysis.
-
What strategies can companies use to gain competitive advantage?
-
(a) Bright Sdn Bhd (BSB) is a tax resident manufacturing company in Johor, which involves in ceramic tiles. Currently, BSBs annual sales turnover has been forecasted to be around RM 300,000 for the...
-
Identify three situations in which organizations would be interested in limiting the standard deviation of a process.
-
A state income tax audit was recently conducted at a restaurant in St. Louis. The audit team selected a random sample of 100 lunch and 100 dinner sales receipts and recorded the state sales tax...
-
The vehicle fleet manager for a large agricultural company realizes that passenger cars get higher average mileage than pickup trucks. However, he is interested in determining whether there is a...
-
A project that is expected to generate annual after-tax cash flows of $2,200 for each of the next 20 years. The project's cost of capital is 8.5 percent and it has an IRR of 9.058 percent. What is...
-
Why are unpaid accruals a "temporary" source of cash? Please give some details and examples.
-
Gabbie has to decide between the following two choices: Option 1: Get $320 with probability 35.97%, and $84.15 with the complement probability. Option 2: Get $94.95 with 100% probability. Her utility...
Study smarter with the SolutionInn App