Joe borrows money for a fridge and pays $120.00 in interest for 24 months at a rate of
8%. How much money did he borrow?
Show work

Answers

Answer 1

Answer:

$750

Explanation:

Interest is calculated using the formula below.

I = p x r x t

where I= interest

P= principal amount

r= interest rate

t= time

In this case, interest is $120, P is not given, r = 8% t= time 2 years( 24 months)

It means $120= P x 8% x 2

$120= p x 0.08 x 2

$120= p0.16

P= $120/0.16

P=750

Joe borrowed $750


Related Questions

Which Finance Career Pathways involve money, assets, or liabilities? Check all that apply.

Banking and Related Services
Insurance Services
Retail Related Services
Financial and Investment Planning
Business Financial Management

Answers

Answer:

Banking and Related Services

Insurance Services

Financial and Investment Planning

Business Financial Management

Explanation:

Retailers can be categorized as service retailers or merchandise retailers. Service retailers sell services such as legal, health, delivery services, parking, and many others. Merchandise retailers deal with products/ tangible items. They buy in bulk from manufactures or wholesalers and sell to end consumers.  Retail related services deal more with sales, cash, and credit, unlike the other carriers in the list that deal with assets, liabilities, and money.

Answer:

abde

Explanation:

What is the key to personal fulfillment in your job ?

Answers

to have a high salary
to engage in lifelong learning
to interview people in the field
to reevaluate your career choice annually.

Isaiah is a Financial Quantitative Analyst for a major stock investment company. What does Isaiah do on a daily basis as a part of his job?

He researches, analyzes, and summarizes information about fraud.
He assesses financial situations using mathematical models.
He analyzes tax information using mathematical formulas.
He manages the paperwork for buying and selling securities.

Answers

Answer:b

Explanation:

Answer:

b

Explanation:

Researching investments online can be valuable because:
A: because large-cap stocks are less of a household name requiring research
b: you can find the exact future value of the stock
C: you will learn the day of the next bull market
D: you can track stock value trends overtime

Answers

Answer:

look I'ma be honest ion know just take a fat guess I'ma say a

Answer:

D

Explanation:

I just did the qw

When drawing a portrait, you want to make sure that the face you are drawing is _____________ (the right size).

Answers

Answer:

The right size

Explanation:

WILL GIVE BRAINLEST ASAP!!!!!! Good afternoon can someone answer this please

Answers

The answer is C i took the test

Dawn's credit card company charges 2.5% per month, for any unpaid amount. For the month, Dawn purchased $650.00 worth of goods and services. If she pays a minimum of $50.00 What is the remaining balance?

i need help asap

Answers

Answer:

$615  

Explanation:

The interest rate on Dawn's credit card is 2.5%

Purchases for the month are $650.

Payments made in the month is $50.

Balance will be

Purchases balance and the interest on the credit card

Purchase balance : $650-$50 = $600

Interest for the month

=2.5% x 600

=0.025 x 600

=$15

Balance will be $600 + $15= $615  

Which one would be correct I’m to lazy to think :)

Answers

I think it’s the second one letter B

an investment in equipment helps a business increase productivity by

Answers

Track and limit how much time you're spending on tasks.

Take regular breaks.

Set self-imposed deadlines.

Follow the "two-minute rule."

Just say no to meetings.

Hold standing meetings.

Quit multitasking.

A debtor owes $850 and is declared bankrupt. He is, however able to pay $0.40 on every dollar owed. How will his payment be recorded?
a. DR CASH $850 CR DEBTOR $850
b. DR CASH $340 CR DEBTOR 340
c. DR DEBTOR $850 CR CASH $850
d. DR DEBTOR $340 CR CASH $340​

Answers

Answer:

BIT B IS THE CORRECT ANSWER

Explanation:

AS IT IS GIVEN IN QUESTION THAT THE DEBTOR IS ABLE TO PAY $0.40 ON PER DOLLAR.

WHICH MEANS BUSINESS RECEIVED 850×0.40/100 =$340

THE DEBTOR PAID $340

THE JOURNAL ENTRY IS

CASH A/C DR $340

BADDEBTS A/C DR $340

TO DEBTOR A/C $680

THIS IS THE CORRECT ANSWER BUT IT'S NOT IN THE OPTION THAT'S WHY ANSWER IS BIT B) .

THANK YOU

1. How does Badger's approach to social responsibility help attract and retain employees?​

Answers

Answer:

W.S. Badger became a certified benefit corporation. This is a rigorous test for companies to meet standards of transparency, accountability, and social and environmental performance. The highest-paid employee is capped five times that of the lowest paid. Company profits flow to employees via profit sharing. All employees participate in a bonus plan. Also, new parents can bring their babies to work. Finally, Badger donates pre-tax profits to non-profit organizations.

Explanation:

This company is a model of how businesses should look out for their employees that are the backbone.

One of the benefits of marketing is that it makes buying convenient.

True or false

Answers

true- i think! sorry if i’m wrong but i would choose true

Does the mass of an object dictate the acceleration of
a falling object

Answers

Answer:

no mass does not affect the acceleration of the falling object.

What models the interactions between key players in the economy

Answers

I wish I knew what you talking bout but no

Emily wants to search online for entrepreneurship opportunities in the field of business development. However, she wants to skip the topic of branding. Which option will help her find the most appropriate result?
A.
“entrepreneurship + business + development + branding”
B.
“entrepreneurship – branding”
C.
“entrepreneurship + business + development - branding”
D.
“entrepreneurship + business”

Answers

Answer:

C.

“entrepreneurship + business + development - branding”

Explanation:

Researchers usually put a hyphen before a word as a technique to exclude it from online search results. This method allows for narrowing down results to the desired pages only.  When searching for keywords that are frequently used together,  putting a hyphen helps exclude unwanted results.

You need to share information summarizing last week's sales department meeting with all the departments in your company. Would email be a good choice for this interdepartmental communication? Why or why not?

Answers

Answer:

yes, a blast email would work best I would say.

Explanation:

Early withdrawal of the money in a CD can lead to substantial financial

Answers

Answer:penalty

Explanation: I just did it and got it right

Please Help Will Give Brainliest
List at least five forms in which a USP can appear.

Answers

Answer:

Explanation:

A Unique Selling Proposition (USP) is a unique selling point or slogan that differentiates a product or service from its competitors. A USP may include words such as the "lowest cost," "the highest quality," or "the first-ever," which indicates to customers what your product or service has that your competitors do not.

Hey yall can yall cheer me up for a seek i miss my mommy in she said we was leaving my granny house today in look im still here

Answers

Answer:

Stay Strong!

Explanation:

You got ittt! Cry A Bit , then come back harder! LOVE KEN!!!

which of the following is a nickname for the GAO?

SEC watchdog
regulatory watchdog
congressional watchdog
public watchdog​

Answers

Answer:

B: regulatory watch dog

Explanation:

Idc I just got it right

Answer: it’s congressional watchdog you dummy

Explanation:

PLEAS HELP!!!!!!!! I NEED ANSWERS ASAP!!!!!​

Answers

Answer:

the answer is Blue

Explanation:

Just believe me

Tony works for an organization that raises awareness about environmental

concerns in the community. He wants to make sure his local congressperson

votes for a new law that would make penalties for polluters more severe. He

knows his congressperson really likes a certain restaurant in town, so he's

thinking about getting him a gift certificate for that restaurant. What ethical

dilemma is Tony facing?

Answers

Answer: C. Whether to give a gift to a politician while lobbying

Explanation:

The options are:

A. Whether to award honoraria to a business leader for reduced pollution.

B. Whether to give a gift to a business leader for reduced pollution

C. Whether to give a gift to a politician while lobbying

D. Whether to award honoraria to a politician while lobbying.

Ethical dilemma occurs when an individual has to make a difficult choice which can end up going against the moral principles.

Based on the situation in the question, the ethical dilemma faced by Tony is whether to give a gift to a politician while lobbying. Even though Tony wants to do the right thing by making sure polluters are punished, giving a gift to the politician is lobbying which is against morally accepted principles.

PLEASE HELP MEEEE BRAINIEST TO WHOEVER IS RIGHT

Answers

Answer: x= 50°

Explanation: The angles are the same since the line intersects both parallel lines at the same angle.

Which action would a government most likely take to reduce its
unemployment rate?
A. Use tax money to hire workers for government projects
B. Cut taxes on businesses that operate with very few workers
C. Increase taxes on businesses that operate outside the country
D. Cut off loans to businesses in order to reduce the money supply
SUBMIT

Answers

A; sounds like the best option

The unemployment rate is the unemployed divided by the sum of employed and unemployed, in order to reduce it the government can hire workers for a new project by using tax money.

What is the unemployment rate?

It is the rate of unemployment calculated by the number of people unemployed to the total number of people employed and unemployed multiplied by 100.

In order to reduce it, the government can hire workers for a new project by using tax money

Therefore, option A can help in the reduction of the unemployment rate.

Learn more about the unemployment rate here:

https://brainly.com/question/17255561

Which of these is an example of a tariff? Amazon charges $5 for same day delivery McDonalds adds $ .50 to the price of a cheeseburger Racine County Government raises sales tax by 1% The United States government adds a 50% tax to imported steel from China

Answers

Answer:

The United States government adds a 50% tax to imported steel from China

Explanation:

Tariff are tax imposed on goods imported or exported (usually imported) from other countries. This is done so as to reduce the the amount of imports and foreign products thereby promoting or encouraging local products. Since the price of the imported goods are increased, this means that people might not buy them thereby protecting local industries and businesses.

Also, tariffs can serve as extra income to the government. Tariffs can either be fixed or variable.

An example of form utility is when a customer gives cash in exchange for a pair of
sunglasses.
O TRUE
O FALSE

Answers

The answer to your question is true

what documents and information will Bryce need to see in order to help Carrie create a personal budget?

Answers

Answer:

her income statement

Explanation:

It is important to note that before any budget can be drafted one needs to calculate the total amount of their regular income source.

Hence, Byce needs to see the income statement like the paycheck of Carrie before he can assist her in creating a personal budget.

HURRY PLZ IM ON A TIMED TEST!!!!!!!!!!!!!!!!!!!!!! WILL GIVE BRAINLIEST...............Which career is best suited for people who have a high school diploma? administration and information support human resources business financial management and accounting business analysis

Answers

Answer:

Gaming managers.

Business operations specialists. ...

Transportation inspectors. ...

Electrical power-line installers and repairers. ...

Postmasters and mail superintendents. ...

Subway and streetcar operators. ...

Petroleum pump system operators, refinery operators, and gaugers.

Explanation:

Answer:

a little late but I believe it would be administration and information support

Explanation:

_____ _____ is a way to see if your product is meeting the needs of your customers.

Answers

I believe it’s solicit feedback

needs refer to a person's relationship with other people

Answers

Answer:

Sure what do you need :)

Explanation:

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