Sam received $10.50 in interest after placing money in his bank. if the account paid 4% in simple interest and he only left it in the account for 9 years, what is the principal?​

Answers

Answer 1

Answer:

$29.166

Explanation:

I = p x r x t

Where I= Interest: $10.50

P= principal amount: ????

r= interest rates: 4% or 0.04

t= time in years: 9

Therefore;

$10.50 = P x 0.04 x 9

$10.50 = P0.36

P=$10.50/0.36

P=29.166

Principal = $29.166


Related Questions

Please help. I’m struggling. 20 points !!!!

To propose the idea of creating a partnership with another business, you will need to prepare
a formal business letter to send to the owner of Great BBQ, Hank White. This proposal should
introduce the following ideas:
Forming a partnership would allow both restaurants to sell the other's product and
merchandise.
The partnership would expand both of our businesses and customer base.
.
A more detailed meeting and presentation will follow if Great BBQ is interested.
Prepare a business letter to send to Great BBQ. (8 points)

Answers

Answer:

The letter could be somewhat like this:

Dear Hank White, CEO of Great BBQ

I am John Smith, I am the CEO of a meat distributor. I specialize in prime cuts like New York Ribeye, Tenderloin, and Wagyu Beef with the best Japanese Technique.

I am sure that as business partners, we both could do better than we do right now. I have the best raw material for your restaurant business, and you have the BBQ expertise and knowledge.

I would appreciate if you considered this letter, you can call me any time if you want to discuss further, or write me an email-.

Sincerely

John Smith

Name two things that can happen during a strong earthquake

Answers

Answer:

An earthquake damages buildings and land, Violent shaking from an earthquake collapses buildings, which causes the most deaths and casualties, and destroys power lines and ruptures natural gas supply lines, causing fires. Land can also collapse or pull apart, causing more buildings to fall

Explanation:

g00gle

*WILL GIVE BRAINLY*
Explain briefly why manufacturing offers so many careers In such varled flelds.

Answers

Answer:

The manufacturing industry helps support the global and national economies, as well as individuals and families.Manufacturing has always been on the cutting edge of technology. Relaying details about their jobs may be met with disinterest and boredom.Manufacturing affects almost everything in our lives.

_______________ is intentionally or unintentionally using someone else's work without giving credit to the original author or creator.
a.
Research
b.
Plagiarism
c.
Articulation
d.
Investigation

Answers

Answer:

b. Plagiarism

Explanation:

Plagiarism refers to the action of presenting somebody else work as your original work acknowledging the original author. Plagiarism may be deliberate or unintended. The internet has software applications that assist students and scholars check against plagiarism.

Plagiarism is considered an offense in the academic and scholarly world.

Answer:

B

Explanation:

edg2021

someone help me. i have no clue oml

Answers

Answer:

Get a dice and roll it.

Explanation:

NEED ASAP PLEASE
Select the correct text in the passage.
Hussein is writing a response rejecting a customer’s request for a product replacement. Select the text in the passage that shows the reasons he gives for the negative message.

Thank you for writing to us regarding your request for a replacement fan.

To guarantee customer satisfaction, we extend a warranty of 90 days on this product for all our customers. If returned within 90 days, we offer replacements free of charge.

Based on the receipt you attached to your email, we see that you purchased this product 120 days ago. We regret that we are unable to offer a replacement.

As an alternative, we can offer a 20 percent discount on any other product you wish to purchase from our store. We look forward to doing business with you again.

Answers

Answer:

Based on the receipt you attached to your email, we see that you purchased this product 120 days ago. We regret that we are unable to offer a replacement

Explanation:

Hope it helps!

Why price will be low in a market economic system?
Other than competitors

Answers

Answer:

In a market economy Price is determined by demand and supply, for example when there is a low price for a good it means the demand is low. However in market economy price for abundant goods never gets high to a critical point due to the fact of consumer sovereignty environment which consumers are the rulers for suppliers.

please urgent please help

Explain why it is important to have some goals when developing a budget plan?

Answers

Answer:

U might go broke on tha cash

Explanation:

how long had they been marriage ?​

Answers

Answer:

8 years

Explanation:

You and your brother agree (your mother disagrees) to merge the corporation into a larger insignia brand of third-world
sweatshop-made imitation friendship bracelets called Phooey Buitton (PB) by creating stocks and selling them to PB. You do this
in the midst of the corporate veil lawsuit so that PB absorbs the lawsuit as among BBFB's assets and liabilities. This is legal.
O True
O False

Answers

Answer:

True

Explanation:

False was Incorrect on Edg so then theres only one answer left.

Answer:

true

Explanation:

Which item is important to consider when selecting a
credit card?
Annual Percentage Rate (APR)
Fees
The look of the credit card
th
Both APR and fees

Answers

Answer:

Both APR and fees

Explanation:

The Annual Percentage Rate -APR is the interest rate a customer pays on a credit card per year. Credit cards extend loans to the holder every time they are used. If the credit card user does not pay the full amount on the due date, it attracts interest charges. The higher the APR, the more interest a cardholder will pay. In selecting a credit card provider, APR is the most important factor to consider.

Credit card attracts other fees other the interest. These fees include Balance Transfer Fee, Foreign Transaction Fee, Annual Fee, and Cash Advance Fee. These fees affect the customer's overall cost of using the credit card.  Customers should compare different credit card companies and select one with favorable fees.

COMPARE: Credit or Debit?
Now that you know how credit cards are different from debit cards, let's practice your
knowledge by determining if the following facts apply to credit cards, debit cards, or both!
Put a check mark in the appropriate columns.
1

Answers

1) Credit Card
2) debit card
3)Both
4)credit card
5)Credit card
6)Credit card
7)Debit Card
8)Both
That’s the best I can do. Lemme know if there’s any you feel is not right and I’ll look into it

Target's Market Pantry is an example of which of the following brand types?
Private label brand
Generic
Name brand
Corporate brand

Answers

Answer:

Name brand. hope this helps

When is it productive to set up a folder system for filing emails?
A. when you have more than twenty emails at a time in the Inbox
B. Always
C. Only if you receive at least 100 emails per week
D. When you want to be able to save and locate emails easily

Answers

The most likely answer here is D

It is productive to set up a folder system for filing emails when we want to be able to save and locate emails easily. The correct option is D. 

Folders let us organise and divide our files. If we didn't have folders on our computers, all of our papers, programs, and operating system files would be in the same location. Folders also allow us to have many files with the same name. If all of our files were in one location, each one would require a unique file name.

Therefore, it is useful to to set up a folder system for filing emails which helps us to locate emails easily and quickly.

Learn more about folder, here:

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A large publicly traded company will receive a major financial benefit from the sale of its stock ________.
a. when the stock is traded on the New York Stock Exchange
b. each time a shareholder buys or sells the stock
c. when it offers the stock as an employment benefit
d. at the initial public offering

Answers

Answer:

d. at the initial public offering

Explanation:

The initial public offering, or the IPO, is the process by which shares of a company are sold to investors for the first time in the exchange market. Through the IPO process, a private company transforms into a public company.

The IPO process generates a huge amount of capital for the issuing company. As the company offers new shares, it receives money from investors. The IPO is different from normal trading in the stock exchange, where share changes hands between investors. The initial public offering is conducted at the primary market, where all proceeds apart from the investment bank's fee go to the issuing company.

If you were to buy a municipal bond for $100 and it returned 1% per year for four years how much interest would you have after four years?

$100

$4

$40

$400

Answers

Answer:

$4

Explanation:

Every year, the bond will make a year of 1% of 100.

1% of $100 is equal to

=1/100 x $100

=0.01 x 100

=$1

In four years, the bond will have made $1 X 4

=$4 dollars

5) Si tuvieras que hacer un presupuesto de Ingresos y uno de Gastos ¿Cuál harías primero y que te sirva de base para hacer el otro? Explica tu respuesta

Answers

Answer:

Si tuviese que hacer un presupuesto de ingresos y uno de gastos, primero haría el de ingresos. Así, podría tener en cuenta la cantidad de dinero que mes a mes ingresa en mi patrimonio y de esta manera organizar mis gastos teniendo en cuenta no gastar mas dinero del que gano mensualmente.

Si, en cambio, organizara mis gastos antes que mis ingresos, me vería limitado posteriormente a realizar algunos gastos dado que no habría contemplado mi liquidez financiera mensual.

A pharmacy technician is:

someone who prepares meals for people who are taking medication.

someone who cleans up after a doctor.

someone who assists with measuring medication.

Answers

Answer:

someone who assists with measuring medication

Explanation:

A pharmist will ask you what your medication that is prescribed by doctors

then an pharmacy tecnician will get the prescribition ready

Answer:

c

Explanation:

PLEASE HELP ASAP::::


A tip employee’s earnings most closely resemble those of which of the following?

a.

An employee working on straight commission

b.

An employee working on commission plus salary

c.

An employee working on a piece-rate basis

d.

An employee working on a fixed salary



Please select the best answer from the choices provided


A

B

C

D

Answers

C. an employee workin on a piece-rate basis

Answer: c. An employee working on a piece-rate basis

fashooo

The Johnson Manufacturing Co. has an annual operating budget of $750,000. Each year it budgets for the following expenses: pollution control equipment, $37,000; contributions to community projects, $22,500; employee fitness/sports programs, $7,500.

What percentage of the annual budget if allocated to each socially responsible action (pollution control, community projects, fitness/sports)? What is the total spent?

Answers

Answer:

See below

Explanation:

The percentage allocated to each socially responsible action

1. pollution control

The amount allocated is $37,000

The total budget is $750,00

The percentage = $37,000/$750,000 x 100

=0.0493333 x 100

=4.933%

2. community project

Amount allocated=22,500

As a percentage = 22,500/750,000 x 100

=0.03 x 100

=3%

3. Employee fitness

Amount allocated= $7500

As a percentage

=$7500/$750,000 x 100

=0/01 x 100

=1%

The total amount spent

=, $37,000 +$22,500 +$7,500.

=$67,000

how has the right to education addressed to differently able persons?How far is it appropriate to keep such provision with view of justice?Present your logics.​

Answers

Answer:

,

Explanation:

i think this is answer right

What is a loan?

I put:

A loan is when you borrow money temporarily from someone with the promise of paying it all back.

and got 100%

Answers

Answer:

see below

Explanation:

A loan is when one party receives money from another and promises to pay it back with interest. A person, firm, or country will seek a loan from a lender with a promise to repay within a specified period and with interest. The interest paid becomes the cost of the loan.

Taking is a loan is similar to borrowing money.  The loan amount is equivalent to the amount borrowed.

Miguel choose to save for a car instead of traveling around Europe with friends. Though he was sad to miss the trip, he knew it was necessary if he wanted the car. What does this scenario BEST demonstrate?
A.
opportunity cost

B.
inflation

C.
passive income

D.
personal risks

Answers

Answer:

A. opportunity cost

Explanation:

Opportunity cost is the foregone benefit as a result of not choosing a particular option. It is the forfeited advantage in the decisions making process.

Miguel forfeited visiting Europe save for a car. He sacrificed the satisfaction of visiting Europe to buy the car. The sacrificed joy is the opportunity cost.

Answer:

opportunity cost

Explanation:

Let's say you make that extra $27,000 for actually graduating from a four-year college for twenty years. In 20 years, how much money have you gained by spending those four years in college ?

Answers

Answer:

$540,000

Explanation:

The extra amount made per year is $27,000

In 20 years, the total gain would be

=$27,000 x 20

=$540,000

Accounting does anyone know how to do a work sheet

Answers

Answer:

you can download it as a pdf document and then you can write on it, or you can print it out.

Explanation:

Which sentence best paraphrases the passage?

Immigrants were examined for physical and mental illnesses.
A doctor’s examination was a quick process.
The doctors were from the United States Health Service.
One doctor looked for physical and mental abnormalities.

Answers

Answer:

A). Immigrants were examined for physical and mental illnesses

Explanation:

Answer:

a

Explanation:

Which of the following statements below lists the rules of entering transactions into the accounting equation?

Answers

Answer:

where is the stuff its just the question

Explanation:

The assets should always match the total of the equity and liabilities, and the accounting equation needs to be in balance. Thus, option D is correct.

What are transactions?

A transaction can be defined as the process where money, product, services, or anything is being transferred from one person to another person.

Selling, buying, receivables, and reimbursements are major categories of monetary operations that have an effect on the firm business and its balance sheet

According to the accounting rules and regulations, it is said that there are two columns that are the assets and the liabilities and every transaction has at least two effects. Also if in the end, the asset, and liabilities side does not match then reconciliation needs to be made. Therefore, option D is the correct option.

Learn more about accounting equations, here:

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The question is incomplete, The option will be:

a. The accounting equation can be out of balance only when payment will be received at a future date.

b. An asset account and a liability account are always affected.

c. Transactions entered into the accounting equation must involve cash and an equity account.

d. The accounting equation must always remain in balance so that assets always equal the sum of liabilities and equity.

Which of the following is a disadvantage of recruiting current employees?
Sometimes viewed as unethical
O Limits opportunities for bringing new ideas to a company
O Training could be more extensive and costly
O Requires frequent updates of job openings

Answers

Answer:

O Limits opportunities for bringing new ideas to a company

Explanation:

Recruiting current employees is the sourcing of new workers from the current workforce. It is also known as internal recruitment. Recruiting of current employees contrasts with external recruitments where a business advertises for vacant positions to the general public.

Recruiting from internal sources denies the business an opportunity to get workers with different experiences. External workers bring new ideas and new experiences to a business.

Which of the following statements about investing is TRUE?
1. Investing is a guaranteed way to make money.
2. Investing is best for short-term financial goals.
3. Investing is riskier than putting money in a savings accounts.
4. On average, putting money in a savings account earns a higher return than investing money in the stock market.

Answers

Answer:

3. Investing is riskier than putting money in a savings accounts.

Explanation:

Investing involves putting money in profits generating ventures. It is risky because the money invested may be lost should the venture make losses instead of profits. Investments activities include buying of shares and other marketable securities or starting and operating a business. Should the business or investment do well, the returns or profits can be attractive.

Saving is putting money aside for future consumption. Saving may be done through savings accounts that as safe and secure. Money saved is risk-free. The possibility of losing it is very minimal. Because money saved is kept safe, it does not generate much income for the owner.

What should you do when you have multiple goals that conflict with each other?

Answers

probably drop one of the goals or find a different time to do it
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How would replanting trees impact the carbon cycle? Mr. Rieser challenges his seventh grade class to explain how the process of weathering, erosion and deposition are essential to the rock cycle. Each group's response is shown below Student Group Responses Group1 Weathering forms igneous rock through the process of erosion. Group 2 Weathering breaks down rock into sediment, which is moved by erosion and formed into new rock. Group 3 Erosion uses sediment to compact weathered material into metamorphic rock. Group 4 Erosion through wind and water carries rock pieces to places of cathering for the rock cycle to take place. Which group has the best response? O Group 1 O Group 2 O Group 3 Group 4 When you eat, your blood glucose level rises. Soon after, it drops as the glucose is stored. Where does it go?A. Brain and liverB. Stomach and musclesC. Stomach and liverD. 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