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?.

Answers

Answer 1

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

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Related Questions

What is the formula for calculating simple interest?
A. Simple interest - Principal - Rate < Time

B. Simple interest = Principal - Rate + Time

C. Simple interest = Principal Rate < Time

D. Simple interest = Principal + Rate < Time

Answers

Explanation:

the formulary for calculating simple interest is

simple interest= principal×rate×time/100

the formula for calculating simple interest is Simple interest = Principal - Rate + Time

What is simple interest?

Simple interest is a calculation of interest that doesn’t take into account the effect of compounding.  In many cases, interest compounds with each designated period of a loan, but in the case of simple interest, it does not.  The calculation of simple interest is equal to the principal amount multiplied by the interest rate, multiplied by the number of periods.

"The period must be expressed for the same time span as the rate. If, for example, the interest is expressed in a yearly rate, such as in a 5% per annum (yearly) interest rate loan, then the number of periods must also be expressed in years. Note that sometimes changes to interest rates may be expressed in basis points (BPS). It may be worth your while, as a financial professional, to learn how to convert BPS into interest rates.

What is principal?

Principal is most commonly used to refer to the original sum of money borrowed in a loan or put into an investment. It can also refer to the face value of a bond, the owner of a private company, or the chief participant in a transaction.

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something people buy to protect themselves from losing a lot of money in the event something happens to them or their property is known as:

Answers

Answer:

it is known as: Insurance

Which of the following is considered one of the biggest advantages of online marketing?

ability to be individually tailored
ability to cultivate relationships
relatively low cost
ability to get immediate action

Answers

Answer:

Ability to cultivate Relationships .

Online marketing allows you to create new relationships in a targeted way that simply wasn't possible twenty years ago

Company Z understands that their business is at risk. How can they use step two in the Decision-Making Process to reach their end goal of increasing sales and customer satisfaction?

Answers

Answer:

I have no clue

Explanation:

I need to answer something bc I'm new sorry

Answer:

Company Z can list the options on how to increase sales and make their business profit again. Some available options that can be listed are responding quickly to customer concerns instead of making them wait a long time, finding a way to have better parking, and to lower their overall prices when selling their products to customers.

Explanation:

For part a you are supposed to state what problems Company Z are having with their company, and if you look at the five steps, the next step for part b is to list some solutions to fix these problems. I hope this helps clarify part b a little bit!

The five steps are:  
State the problem

List the options

Determine the pros and cons

Choose the best option

Evaluate the decision/choice

Which of the following is a characteristic of an unstructured interview? a. Conducted by a professional interviewer b. Focuses on factual information c. Common in small businesses d. Limited information on the interviewee's personality Please select the best answer from the choices provided A B C D.

Answers

Unstructured Interviews are common in small businesses. Option C is correct.

What is an Unstructured Interview?It refers to an interview in which the questions are not prearranged by the interviewer that is to be asked to the respondents. Unstructured interviews are more casual and unrehearsed than structured interviews in which prearranged, standardized questions are asked. This provides free-flowing conversation on respondents' personal qualities and knowledge related to relate to the work.

Since in small companies, the work areas of employees are wider than the big corporate.

Therefore, unstructured Interviews are commonly used in small businesses to get a deeper understanding of respondents' personal qualities related to work.

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Answer:

it c

Explanation:

yw

what is term for the ability to easily turn assets or investments into cash?

Answers

The one on the top is correct

how much does it cost to tent a house for termites

Answers

Termite Treatment Cost

Termite treatment costs between $222 and $931, or $576 on average. Depending on the type of treatment, size of your home and severity of the infestation, you may pay anywhere from $3 to $16 per linear foot. Compare quotes from exterminators near you for the best treatment solution and price. Dealing with termite problems gets more expensive over time. The moment you suspect your home has them, you should hire a pro for inspection and treatment.

Sandra deposits $3,000 at the end of each semiannual period for 12 years at 10% interest compounded semiannually. Determine the amount she will have in the account after 12 years. Round to the nearest cent. A. $133,506. 00 b. $140,181. 30 c. $121,291. 43 d. $70,568. 14.

Answers

The amount she will have in the account after 12 years is $9,675.30

Given information

PV = $3,000

N = 12

M = 2

I = 10%

Future value = PV* (1+i/m)^nm

Future value = $3,000 * (1 + 0.10/2)^2*12

Future value = $3,000 * 3.22509994371

Future value = $9,675.29983

Future value = $9,675.30

Hence, the amount she will have in the account after 12 years is $9,675.30

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Answer: A 133,506.00

Explanation:

How much money is there in the world?

Answers

Answer:

nobody don't have any ideas✓✓

All of this depends on currencies in different in countries because it's all worth different amount like 1 US dollar is 0.76 Pounds.

An average for you in USD is 1.4 quadrillion dollars.

Zach is looking for a homeowners insurance policy for his new house. AAA Insurance company has offered him a plan that insures his home annually for $0.36 per $100 of value in the home. In order to make calculations easier, Thompson’s Insurance lists their annual homeowners insurance premium a bit differently, at $3.63 per $1,000 of value in the home.
Zach’s house is worth $289,000. What should Zach be thinking as he chooses between the two insurance companies?
a.
$3.63 per $1,000 is approximately the same as $0.36 per $100. The premiums for the two insurance companies will be the same.
b.
The annual premium for his house would be cheaper through AAA.
c.
The annual premium for his house would be cheaper through Thompson’s.
d.
Since the two insurance companies list their premiums differently, the two cannot be compared.

Answers

Answer:

B

Explanation:

just did the test and got it right

Demand is more elastic when you are shopping in Walmart than when you shop at a small convenience store because: Group of answer choices

Answers

Answer:

It rises by 25%

Explanation:

Demand is more elastic when you are shopping in Walmart than when you shop at a small convenience store because: more competing products means greater elasticity. Lyft cuts the price of a ride in New York City by 10%. Thereafter, the quantity of rides demanded rises by 25%.

Hope this helped <3

The CPI of a country in October is given to be 210. In November, the CPI rises to 220. What is the rate of inflation from October to November? Round
your answer to the nearest tenth of a percent if necessary. (1 point)
O 10.0%
O 4.8%
O 1.0%
O 4.5%

Answers

Answer:

4.8%

Explanation:

The rate of inflation is 4.8%.

Given that,

The CPI of a country in October is given to be 210. In November, the CPI rises to 220.

Based on the above information, the calculation is as follows:

= (220 - 210) ÷( 210)

= 4.8%

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The construction industry employs about ____ percent of the working people in the United States and Canada.

Answers

40% of working people in the United States as well as Canada

Fill in the blank: Measuring your website’s authority comes down to assessing the volume and quality of the ____________.

Answers

The measurement of the website’s authority comes down to assessment of the volume and quality of the website's backlinks

Simply put, a backlink refers to series of link from one website which leads to another website.

The number and quality of a website's backlink tells about the quality of the website.

Hence, the measurement of the website’s authority comes down to assessment of the volume and quality of the website's backlinks

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IBM expects to pay a dividend of $5 next year and expects these dividends to grow at 7% a year. The price of IBM is $90 per share. What is IBM's cost of equity capital

Answers

Based on the information given, IBM's cost of equity capital is 12.56%

Share Price = Dividend Next Year / [Cost of Equity - Growth Rate]

$90 = $5 / [R - 0.07]

$90 * {R - 0.07] = $5

{R - 0.07] = $5/$90

R - 0.07 = 0.055556

R = 0.055556 + 0.07

R = 0.125556

R = 12.56%

In conclusion, IBM's cost of equity capital is 12.56%

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The growth rate is a measure of the rate at which a countrya's population is increasing. Please select the best answer from the choices provided. T F.

Answers

The growth rate is a measure of the rate at which a country's population is increasing.

The growth rate of a population measures the percentage increase in the value of a quantity.

For example, if the growth rate of a population is 10%, if the town currently has 1000 people, next year population would be: 1000(1.1) = 1100 people.

Factors that leads to increases in a population

Migration Birth

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Answer:

This is true.

Explanation:

Edg. 2022

Which form of media advertising has seen the sharpest decline in the United States over the last 15 years

Answers

The form of media advertising that has seen the sharpest decline in the United States over the last 15 years is the Newspaper.

The Newspaper used to be very common in the past. It was the most common means of reaching the bigger audience. Apart from its use as a medium of carrying the happenings in the society, it also served as a means of advertising.

The decline in the use of the Newspaper today is partly due to the riser in the use of electronic media. People have moved on past the age of Newspaper. Most topics are now discussed electronically especially through the social media.

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who is responsible for selecting the required yearly ce topics

Answers

Based on standard practice State Real Estate Commission is responsible for selecting the required yearly CE topics.

What is CE in Real Estate?

CE in Real Estate is a term that is used to describe the Continue Education that must be participated by the agents and brokers to retain and maintain real estate license.

To maintain the required yearly CE topics, the State Real Estate Commission set the standard, including the requirements, duration, and due dates.

Hence, in this case, it is concluded that the correct answer is "State Real Estate Commission."

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a ________ is an advertisement in a financial newspaper announcing a public offering of securities, along with a list of the investment banks handling the offering.

Answers

Answer: Tombstone is the answer but not the grave kind ofc

Consider the following invoice:

What information is missing that is necessary for generating the total?

Answers

Answer:

maybe bills and rent

Explanation:

Answer:

the subtotal and tax are missing

Explanation:

I had the same question

A market might have an upward-sloping long-run supply curve if:

Answers

Answer:

a. firms have different costs.

Explanation:

A market might have an upward-sloping long-run supply curve if

a. firms have different costs.

b. consumers exercise market power over producers.

c. all factors of production are essentially available in unlimited supply.

d. the entry of new firms into the market has no effect on the cost structure of firms in the market.

Why would a person change their business status to a LLC?

A. To gain tax breaks

B. To limit their personal liability

C. To help obtain funding through the sale of stock

D. Because it is the easiest form for setting up your business

Answers

Answer:

A) to gain tax breaks

Explanation:

A common reason for changing a co. to an LLC is to avoid double taxation

A should be correct

One method used by some analysts to estimate the future value of a stock is the dividend growth model. This model would probably be most useful in the case of A) a small-cap stock B) a AAA corporate bond C) a preferred stock D) a large-cap stock

Answers

Answer:

I am sure that it is D. a large cap stock

Explanation:

Large cap stocks already have a positive growth sentiment and

based on how much dividends are paid out they can estimate the future

value of a stock.

What type of business is formed with the primary purpose of serving its user- members? O A. Partnership B. Corporation O C. Sole proprietorship D. Cooperative

no linkss​

Answers

Answer:

What was the answer?

Explanation:

Answer: it’s cooperative, I took the test.

Explanation:

ieiyeoemn you’re toxic.

Students at a major university must go through several registration steps. Officials have observed that it is typically the case that the waiting line at the fee-payment station is the longest. This would seem to suggest that the fee-payment station is the ___________ in the student registration process. Multiple Choice capacity cushion first station bottleneck economy of scale diseconomy of scale

Answers

Answer:

bottleneck

Please give Brainliest answer if this has helped!

Explanation:

A bottleneck can be illustrated as a situation that causes a delay in a process. The waiting line at the fee payment station exists very long and this controls the smooth sailing of the registration procedure therefore it comprises a bottleneck.

What is a bottleneck in machine learning?

The bottleneck in a neural network exists only in a layer with more irregular neurons than the layer below or beyond it. Maintaining such a layer enables the network to condense segment expressions (of salient features for the target variable) to the most suitable fit in the available space.

A bottleneck can be illustrated as a situation that causes a delay in a process. The waiting line at the fee payment station exists very long and this controls the smooth sailing of the registration procedure therefore it comprises a bottleneck.

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From what you read in the Content, who is the college student that wanted to create
a tutoring app?
Vicky
Xavier
Isaiah
Lisa

Answers

Answer:

vicky..........................

Choose Yes or No to tell if the number 104 will make each equation true.


17 × □ = 1,700

Choose...



6 × □ = 60,000

Choose...



30 × □ = 300,000

Choose...



205 × □ = 205,000

Answers

Answer:

❤I gotcha bro bro

Explanation:

1.No

2.No

3.No

4.No

Your question needs to be more informative and you need more tutoring on Math no offense just Advice

The particular market segment your company is trying to sell your products or services to is your _________.
A.
Customer profile
B.
Market share
C.
Community
D.
Target market

Answers

D it makes the most sense

Describe which fiscal policies of the U.S. Congress would be considered expansionary actions and which would be contractionary actions

Answers

Answer:

Congress acts to cut tax rates or increase government spending, shifting the aggregate demand curve to the right.

Explanation:

Contractionary fiscal policy occurs when Congress raises tax rates or cuts government spending, shifting aggregate demand to the left.

What is the BEST way to stay organized? Person with a descriptive and correct one sentence answer will receive brainliest for their hard efforts.

Answers

Answer:

Jssjnsnss is a great place to work for and it is a great place to work for and it will help us out to the best of our experience as well as the best and fastest growing business in the

Answer:

watch your behavior to identify actions that contribute to the problem of being disorganized and commit to changing problem behaviors.

Explanation:

(or incorporate the most important organizing tasks into routines.)

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