Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. 12 in business there is a formula used to find sim

12 In business there is a formula used to find simple interest on an account...

60.1K

Verified Solution

Question

Algebra

image

12 In business there is a formula used to find simple interest on an account The formula is rate x time x principle interest The rate is the percentage rate usually per year and time is in years with principle being the amount of money put into the account originally The interest will be the money earned on the account Determine whether the following statement is true or false Interest and rate are a direct relationship assuming the remaining variables are kept constant O True O False

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

1. How would you prepare 100 mL of F- solutions with the following concentrations: (A) 10.0...

Biology
1.2K views

Define ‘proximate cause’ of behavior and ‘ultimate cause’ of behavior. Describe two examples of proximate cause...

Accounting
1.2K views

How the Australian Government and the Australian Taxation Office assisted both businesses and taxpayers during the...

Physics
1.2K views

A cylindrical block of radius R height h and density ps floating in a liquid...

Geometry
1.2K views

15 Ladder A ladder is placed against a house If the base of the ladder...

Basic Math
1.2K views

Carter invested $3,900 in an account paying an interest rate of 3.9% compounded daily. Assuming...

Statistics
1.2K views

nd the largest interval centered about x 0 for which the given initial value problem...

Accounting
1.2K views

QUESTION 1 Edward is an architect who is 59 years old. He seeks your advice...

Accounting
1.2K views

Consider each of the following independent situations: Required: For each situation, calculate the missing amount

Accounting
1.2K views

You have been given the following information about the production of Usher Co., and are...

Accounting
1.2K views

please answer the following. 4 Analyze special order decision (Learning Objective 3) O...

Accounting
1.2K views

Assume that on December 31, 2024, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to...