In order to start a small business, a student takes out a simple interest loan for $8,000 for 9 months at a rate of 7.50%. How much interest must the student pay PLEASE HELP NOW

Answers

Answer 1

Answer:

$450

Explanation:

To calculate simple interest, we apply the formula

I= P x r x t

Where I = interest

P= principal

r= interest rate

t= time in years

In this case, p=$8,000, r= 7.50% or 0.075, t= 9 months or 9/12 years which is 0.75 years

I =$8000 x 0.075 x 0.75

I= $600 x 0.75

I=$450

Interest is  $450


Related Questions

The method of determaining what a business will get in exchange for its products
A. pricing
B. supplies
C. Command
D, market

Answers

Answer:

A. pricing

Explanation:

Pricing entails determining the value to attach to a product. It is the process through which a business decides how much customers will pay for its products. A business must consider the production costs and the desired margins when setting a price.

Price plays a crucial role in the success of a product and the business.  A high price has higher profit margins but may put-off some customers. A low price may attract demand but may lead to losses. Sometimes, low prices are associated with a poor quality product.

Locating close to suppliers reduces these cost

Answers

Locating close to the raw material supplies can reduce where raw materials are heavy and large quantities are used up in production costs. This is particularly true for industries like steel, which uses large quantities of iron ore in the production process.

Community colleges and vocational schools offer programs in maintenance and repair.

Answers

Answer:

yes, yes they do

Explanation:

Name one potential danger of choosing a career based solely on salary and earnings potential.

Answers

Answer:

too much pressure and stress

one is going to work under pressure as the workload will be increasing mainly because the salary will be high and that will also lead to stress

One potential danger of choosing a career based solely on salary and earnings potential is poor health and depression.

What is a Career?

A career is referred to what an individual chooses as a profession to earn something. A career of an individual is based on his talents, skills, and abilities which help him to seek growth and development and achive the goals of life.

A career should be based on individual interest rather than based solely on salary and earnings potential. As salary does not give the satisfaction of work and provides stress and pressure while working.

A career based on interest provides satisfaction and lack of pressure and good mental well-being whereas earnings potential will lead to stress and poor health which lead to many health problems.

Learn more about Career, here:

https://brainly.com/question/2160579

#SPJ3

which of the following career fields ensures that required supplies are available?
A.) Logistics B.) Purchasing C.) Management D.) Marketing communications

Answers

Answer:

D.marketing communication

Art teacher Monica earns time and a half for the number of hours she works over 40 hours. One week she worked 48 hours. How many hours of overtime did she work?

Answers

Answer:

8 hours

Explanation:

Here, we want to know the number of overtime hours worked.

From the question, we are told that the pay is slightly different and higher if she worked for some hours over 40 hours

What this means is that the regular number of hours is 40; then the number of hours in this case 8 over 40 is her over time

hows life people and are u failing

Answers

Answer:

terrible and no i am not failing

Explanation:

someone go check out my recent question i need help asap

MORE FREE PINTS! IT'S CLEARANCE SALE!! FLAG QUESTION WHEN YOU'RE DONE!!!

Answers

Answer:

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Florence deposited ₱ 14,800 in a bank that gives 4.35% simple interest. after 2years 4months, she went back to the bank to check her balance. how much was available in her account?​

Answers

Answer:

₱ 16,300.054

Explanation:

The formula for calculating simple interest is as below.

I= p x r x t

In this case, p= 14,800, r = 4.35% and t is 2 years and 4 months

the interest rate is in years; we need to convert two years and four months to years.

=4 months = 4/12 of one year = 0.33

2 years 4 months = 2.33 year

I= 14,800 x 4.35/100 x 2.33

I= 14,800 x 0.0435 x 2.33

I=1,500.054

the amount in the bank will be principal plus interest

=14,800 + 1500

=16,300.054

Recruiting new employees via the Internet allows companies to _________.
a.
Reach candidates from across the world
b.
Conduct recruiting sessions from the office
c.
Gather résumés and cover letters paperlessly
d.
All of the above

Answers

I had this question and the answer was b: conduct recruiting sessions from th office.

Answer:

answer is b on edge 2020

Explanation:

On June 30, 2009, Sage Company issued 12% bonds with a par value of $750,000 due in 20 years. They were issued at 98 and were callable at 104 at any date after June 30, 2017. Because of lower interest rates and a significant change in the company’s credit rating, it was decided to call the entire issue on June 30, 2018, and to issue new bonds. New 8% bonds were sold in the amount of $1,020,000 at 101; they mature in 20 years. Sage Company uses straight-line amortization. Interest payment dates are December 31 and June 30.


(a) Prepare journal entries to record the redemption of the old issue and the sale of the new issue on June 30, 2018.

(b) Prepare the entry required on December 31, 2018, to record the payment of the first 6 months’ interest and the amortization of premium on the bonds.

Answers

Answer:

(a) Prepare journal entries to record the redemption of the old issue and the sale of the new issue on June 30, 2018.

the discount on bonds payable = $750,000 x 2% = $15,000

amortization per coupon = $15,000 / 40 coupons = $375

By June 30, 2018, $375 x 18 = $6,750 of the discount were already amortized. The carrying value of the bonds = $750,000 - ($15,000 - $6,750) = $741,750

loss on redemption of the bonds = redemption value - carrying value = $780,000 - $741,750 = $38,250

Journal entry to record redemption of bonds:

June 30, 2018, bonds redeemed at a loss

Dr Bonds payable 750,000

Dr Loss on redemption of bonds 38,250

    Cr Cash 780,000

    Cr Discount on bonds payable 8,250

Journal entry to record new issuance of bonds:

June 30, 2018, bonds issued at a premium

Dr Cash 1,030,200

    Cr Bonds payable 1,020,000

    Cr Premium on bonds payable 10,200

(b) Prepare the entry required on December 31, 2018, to record the payment of the first 6 months’ interest and the amortization of premium on the bonds.

amortization of premium per coupon = $10,200 / 40 = $255

December 31, 2018

Dr Interest expense 40,545

Dr Premium on bonds payable 255

    Cr Cash 40,800

Defamatory statements published on Internet bulletin boards, e-mails, and the like, are considered libel due to the somewhat permanent nature of the medium. This often is vital to a successful suit for defamation as damages are presumed to exist in the case of libel and do not have to be proven to the court.
The remaining question becomes who should be sued. This is the hard part. Sections of the Communications Decency Act of 1996 and several court
decisions provide protections to Internet service providers and bulletin board operators. Such parties generally are considered to be immune from suits
brought to make up for the harm done by such statements. However, they may be held liable if it can be shown that they exercised editorial or full control of
the material posted or transmitted or, at least, had knowledge of the specific defamatory contents. Such a showing has proven very difficult to accomplish.
Think about it
Why do you think it has been so difficult for people to win libel suits against Internet bulletin board operators or Internet service providers?

Answers

Answer:

Sorry i can not answer it...

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