Robert borrows if the bank is willing to loan him 50 percent of the equity in his home is 25,000.
What is a credit card?A credit card is said to be a type of plastic money that allows an individual to purchase goods on credit and pay back the amount later on some specified rate of interest being charged on it.
An outstanding mortgage loan is referred to as the amount which needs to be paid on the principal amount that is received on the loan for the asset given as a mortgage loan.
In order to calculate the borrowing amount
Take the value of the home = $210,000
Subtract the outstanding balance = 160,000
The reaming balance will be = 50,000
The bank offered 50% of 50,000 = 25,000. So the amount can be borrowed as $25,000.
Learn more about credit cards, here:
brainly.com/question/27350251
#SPJ2
What are the 4 requirements for the production of goods and services explain with examples?
The four requirements for the production of goods and services are land, labor, physical capital and human capital.
Goods and services are formed by the combined efforts of several entities. The entities that are required for the production of goods and services include land, labor and capital of both the kinds that is physical and human capital. Land is the physical land where the owner will setup the company for the production of goods and services. The labor are the people who will work in the site for the making of the company. After the setting up of the company, the machines and the equipment that will produce the goods and services become part of the physical capital and the workforce that will make use of these equipment will come under human capital that is the employees.
Learn more about Human capital at:
brainly.com/question/26339998
#SPJ4
In supplying private-label footwear to chain retailers, the sizes of a company's margins over direct costs (as reported on p. 6 of each issue of the FIR) should be viewed as O how much each pair of private-label footwear sold adds to the company's pretax profits, assuming that the company's margins on branded footwear were sufficient to cover all administrative expenses and all interest costs. O cash that can be used to pay down long-term debt or increase dividend payments or be deposited in the company's retained earnings (to strengthen the company's balance sheet) O the net profit a company earns on each pair of private-label footwear sold. O the gross profit a company earns on each pair of private-label footwear sold. O how much the company received from each pair of private-label footwear sold over and above materials costs and direct labor costs-- these dollars are automatically deposited in the company's retained earnings account and help boost the company's credit rating. Copying, redistr buting, or website posting s expressly proh bited and constitutes copyright violation Copyr ght 2018 by Glo-Bus Software, Inc
How much money the business had available from each pair of private label shoes sold that could be utilized to assist cover administrative costs, interest costs, and help the business make a pre-tax profit.
Costs associated with ongoing business operations are known as administrative expenses. Both fixed and semi-variable administrative expenses are possible. Typical examples include rent, utilities, tools, supplies, insurance plans, pay, compensation, and legal assistance. Operating costs, commonly referred to as selling, general, and administrative (SG&A) costs, are what a business must pay. Rent and utilities, sales and accounting, management and administrative pay, and marketing and advertising are among them. Custodian fees, issuance charges, and interest on obligations of the Financing Corporation are all considered non-administrative expenditures. Whatever the level of a company's revenue, fixed costs remain constant. generally included in operating costs like Sales General and Administrative (SG&A). Rent, utilities, salary, and benefits are examples of things that are typically seen as fixed costs.
Learn more about administrative costs here
https://brainly.com/question/28189166
#SPJ4
Is hereditary a controllable risk factor?
Hereditary is not a controllable risk factor because all diseases can be avoided by adopting a healthy lifestyle.
What is controllable risk factor?Risk factors are classified as either controllable or uncontrollable. Risk factors are associated with a wide range of health issues, from stomach problems to heart attacks. A risk factor is anything that increases the likelihood of someone suffering an injury, disease, or other health problems. Everything that cannot be changed constitutes uncontrollable risk factors. Controllable risk factors, on the other hand, are anything that can be altered with specific treatments.Controllable risk factors are anything about which we can do something to change or reduce. Controllable risk factors can mostly be reduced by changing our daily behavior. As an example smoking is a risk factor for heart disease.To learn more about controllable risk factor refer to :
https://brainly.com/question/6706184
#SPJ4
Siegfried Basset is 65 years of age and has a life expectancy of 10 more years. He wishes to invest $18,500 in an annuity that will make a level payment at the end of each year until his death. If the interest rate is 10.0%, what income can Mr. Basset expect to receive each year?
$18,50 income can Mr. Basset expect to receive each year.
What purposes do government organizations have for financial statements?Financial Statements give readers a comprehensive understanding of the federal government's financial operations, state, and position by presenting consolidated financial data that includes all federal institutions as well as fiscal sustainability data.
Who and what are included in the financial statement audit?Law requires publicly traded corporations to have an authorized certified public accountant audit their financial statements (CPA). all nonprofit organizations and non-federal government bodies that spend $750,000 or more on federal grants in a particular fiscal year.
Invest $18,500
interest rate is 10.0%
income each year= $18,500/100 *10 = $18,50
To know more about Income visit:-
brainly.com/question/14732695
#SPJ4
What are the three factors of production explain and provide examples for each?
The three factors of production are land, labor, and capital.
Land refers to natural resources, labor refers to the work done by people, and capital refers to the resources used in production process. Land includes resources such as land, minerals, and water. It is a passive factor of production which is fixed in quantity.
Labor refers to the work done by people. It is active factor of production and it is variable in quantity. It can be increased or decreased depending on the needs of the production process.
Capital refers to the resources used in the production process, such as machinery, equipment, and buildings. It is also a passive factor of production, but it can be increased or decreased by investing or disinvesting in it. Capital enables firms to increase their production capacity.
Learn more about production
https://brainly.com/question/30192374
#SPJ4
How do you find total cost from marginal cost?
To calculate total cost from marginal cost, you need to start by adding the marginal cost of each item or service to the previous cost.
This will give you the total cost of the items or services that have been added together. The total cost of all items and services will be the sum of the marginal costs.
For example, if you have three items with marginal costs of $5, $10, and $15, then the total cost would be $30. Keep in mind that this method of calculation works best if the marginal costs are consistent over time.
By following these steps, you can easily calculate the total cost from the marginal cost.
To learn more about marginal, click here:
https://brainly.com/question/17230008
#SPJ4
The following are national income account data for an economy in billions of dollars: personal consumption expenditures $2,460, gross private domestic investment $320, government purchases $470, exports $22, and imports $35. What is GDP for this economy
The GDP for this economy will be $3,237billions at personal consumption expenditures $2,460 and gross private domestic investment $320.
given data;
personal consumption expenditures = $2,460
gross private domestic investment = $320
government purchases = $470
government exports = $22
government imports = $35
the formula for gdp will be:
GDP = G + I + C + (X-M)
= $470 + $320 + $2,460 + ($22-$35)
= $3,250 - $13
=$3,237billions.
Gross domestic product (GDP) is the total monetary worth, or market value, of all completed products and services produced inside a nation's boundaries over a certain time period. It serves as a thorough assessment of a particular country's economic health as a broad indicator of entire domestic production. Despite being computed on an annual basis in the majority of cases, GDP is also occasionally estimated on a quarterly basis. The government of the United States, for instance, produces an annualised GDP estimate for both the calendar year and each fiscal quarter. Since each piece of data in this report is presented in actual terms, price changes are taken into account while calculating the data, which results in data that is net of inflation.
learn more about GDP here
https://brainly.com/question/15682765
#SPJ4
What are the 4 phases of the business cycle and explain each?
A profitable cycle, which is also referred to as a business cycle, has four stages: expansion, peak, compression, and trough.
The average profitable cycle in the U.S. has lasted roughly five and a half times since 1950, although these cycles can vary. A profitable cycle, which is also referred to as a business cycle, has four stages: expansion, peak, compression, and trough.
The business cycle model shows the oscillations in a nation's aggregate affairs and employment over time. Business cycles are linked to four distinct phases: expansion, peak, compression, and trough. The business cycle model shows the oscillations in a nation's aggregate affairs and employment over time.
To learn more about business cycles, visit here
https://brainly.com/question/30167425
#SPJ4
This is a receipt for a purchase made at a restaurant in
Sacramento, California.
The total cost of the food and drinks before taxes was
The buyer paid vin sales tax.
Based on the receipt, Sacramento has a sales tax rate
of
Answer:
10.00 , .85 , 8.5
Explanation:
Answer:
This is a receipt for a purchase made at a restaurant in Sacramento, California.
The total cost of the food and drinks before taxes was
✔ $10.00
.
The buyer paid
✔ $0.85
in sales tax.
Based on the receipt, Sacramento has a sales tax rate of
✔ 8.5%
.
based on your current knowledge and work experience, which strategic training and development initiatives do you think that all companies should support regardless of economic conditions
Regardless of the situation of the economy, a firm must keep its attention on its goals by promoting employees within the organization and providing them with ongoing training.
How would you define organization?An organisation is a group of individuals who work together, such as a business, neighbourhood association, nonprofit, or union. A person, a group, a business, or the act of establishing or developing anything can all be referred to as a "organization."
Which three categories do organizations fall under?Corporations, partnerships, and sole proprietorships are the three primary types of business entities in the US. In today's session, the benefits and drawbacks of each organizational model will be discussed using the low-cost chocolate industry as a case study.
To know more about organizations visit:
brainly.com/question/29766744
#SPJ4
Refer to Figure 15-8. What is the socially efficient price and quantity? a. price= A; quantity = X
b. price = B; quantity = Y
c. price = B; quantity = X d. price = C; quantity = X
The right response is b. The socially optimal price and quantity are: price = B; and Y.
Definition of Equilibrium Monopoly.When a monopoly unjustly restricts supply to drive up prices, it still maintains its equilibrium of marginal cost equal to marginal income. The same intercept and twice as steep a slope for the marginal revenue are present on a linear demand curve.
Prices and quantities that would be offered in a fully competitive market are those that are socially efficient. This happens when demand and marginal cost are equal at price B and quantity Y. This suggests that any deal that might have benefited both parties may have taken place. Monopolies would strive to operate at quantity X and price A.
Learn more about Monopoly: https://brainly.com/question/17205622
#SPJ4
The complete question is:
Refer to the figure below. What is the socially efficient price and quantity?
a. price = A; quantity = X
b. price = B; quantity = Y
c. price = B; quantity = X
d. price = C; quantity = X
Because of the slope of the aggregate demand curve we can say that a decrease in the price level:
A. leads to a decrease in aggregate demand
B. leads to an increase in aggregate demand
C. leads to a higher level of real GDP demanded.
D. leads to a lower level of real GDP demanded
We can infer from the slope of the aggregate demand curve that a fall in price level C. leads to a rise in the level of real GDP demanded.
How Does the Level of Prices Relate to Aggregate Demand?The economy's supply and demand are mostly determined by the prices of commodities and services. However, the opposite is also true: variations in supply and demand have an effect on the cost of goods and services. The relationship between total demand and average price levels is not always obvious or direct. However, in the broadest sense (and under ceteris paribus circumstances), a rise in aggregate demand is accompanied by a rise in the level of prices.
When its constituent parts, such as government expenditure, investment spending, and consumption spending, aggregate demand rises.
To know more about Economy Supply visit: https://brainly.com/question/13774718
#SPJ4
What is meant by core competency?
What is a fixed and variable expense and provide an example of each?
Rent, mortgage payments, and auto payments are examples of fixed expenses that typically cost a same amount per month, whereas variable expenses fluctuate from month to month.
What does "cost" mean?Cost is the sum of money required to do something or purchase something.We need to start reducing our spending.
What types of expenses are there?Operating. Expense for Goods Sold (COGS) promotion, marketing, and advertising. earnings, benefits, and salaries selling, all-purpose, and managerial (SG&A) insurance and rent. Amortization and depreciation. Other. Non-operating. Interest. Taxes. Charges for impairment.
To know more about expenses visit:
https://brainly.com/question/29842871
#SPJ4
Foud gallons of gaoline cost $16.80Using the rate, create an equation to represent the number of gallons,G, the cost in D dollars
Gallons per dollar will fluctuate at a rate of change of 0.236, meaning that the cost of gallons per dollar will increase.
What do you mean by rate of change?
The rate of change is the gap between one quantity and one unit of another. The pace with which something changes as time passes is referred to as its "rate of change" (ROC). As a result, it is the speed of changes rather than their overall amount that matters (i.e., the rate). A tool used in business to understand price returns and identify trend momentum is rate of change.
Consider the speed of 3 metres per second.
According to what has been stated,
Gasoline for four gallons costs $16.80.
$16.80 for 4 gallons.
Add 16.80 to both sides.
$16.80/16.80 for 4/16.80 gallons
1 dollar = 0.236 gallons.
So, The required answer will be 0.236 gallons/dollar.
To learn more about Rate of change:
https://brainly.com/question/8728504
#SPJ4
The general partner of an oil and gas drilling program might be considered to have a conflict of interest for all of the following reasons except A) owning mineral rights on undeveloped adjacent land. B) commingling the funds of several different programs. C) borrowing funds from the partnership. D) managing the partnership.
The general partner of an oil and gas drilling program might be considered to have a conflict of interest for all of the following reasons except managing the partnership. Hence, option (d) will be considered as correct.
Give a brief account on general partnership.A general partnership can be regarded as a type of business organisation when two or more people concur to divide the duties, resources, earnings, and fiscal and legal liabilities of a jointly owned company. In a general partnership, partners consent to accepting virtually limitless personal liability. Liabilities are not limited, as they would be in a partnership that has been constituted as a limited liability partnership or a limited liability company (LLC), for example. The assets of an owner may be seized, and partners are accountable for the debts. In addition, any partner could be held liable for the company's debts. A general partnership is a pass-through organisation, meaning that all revenue accrues to the owners directly. As such, each partner must record their portion of partnership gains or losses on their individual tax returns.
To know more about, general partnership, visit :
https://brainly.com/question/12983082
#SPJ4
What are the 4 economic objectives?
The four economic objectives are economic growth, full employment, price stability, and equitable distribution of income.
Economic Growth: This refers to an increase in the total output of goods and services within an economy over a period of time. It is measured by the Gross Domestic Product (GDP) of a country.
Full Employment: This refers to a situation in which almost everyone who is willing and able to work is able to find a job. It is usually measured by the unemployment rate.
Price Stability: This refers to a situation in which prices remain fairly stable with little or no inflation. It is measured by the Consumer Price Index (CPI).
Equitable Distribution of Income: This refers to a situation in which the income of a population is distributed fairly and equally among its members. This is usually measured by the Gini coefficient, which is a measure of income inequality.
For more questions like Economic objectives click the link below:
https://brainly.com/question/30104243
#SPJ4
What medical expenses can you claim on taxes?
Expenses for medical care also include expenditures for procedures affecting the structure or operation of any part of the body, as well as payments for the diagnosis, mitigation, treatment, or prevention of disease.
Medical Expenses:
You may deduct from your income any unreimbursed expenses for qualified medical care that you incur, such as those for preventive care, treatment, surgeries, dental and vision care, visits to psychologists and psychiatrists, prescription medications, appliances like glasses, contacts, false teeth, and hearing aids, and travel expenses.
When filing a claim for medical expenses, you must maintain all original receipts for six years. When you file a claim, you are not required to present certain receipts, including Med 2 papers.
To know more about taxes click here: brainly.com/question/27978084
#SPJ4
which type of life insurance policy allows a policyowner the choice of investments along with flexible premium payments
The option of investments and flexible premium payments are both provided by a "Variable Life Insurance Policy" for the policyholder.
How do life insurance policies work?You can provide a safety net for your loved ones in the event that you pass away by purchasing life insurance. A life insurance policy is an agreement that, as long as your premium is paid and the policy is active at the time of your death, your beneficiaries will be entitled to a death benefit payment that may be used for funeral costs, debt repayment, or even normal living expenses.
Term insurance is affordable and has a set time limit (1, 10, 15, 20, or 30 years). They are typically for helping your loved ones if you pass away suddenly.
To know more about Insurance, visit:
https://brainly.com/question/24034584
#SPJ4
Your credit card company quotes you a rate of 14.6 percent, compounded daily. What is the actual rate of interest you are paying
D) The actual interest rate (EAR) that you are paying, which is 15.96 percent. The actual interest rate paid on a loan, credit card, or other debt.
What distinguishes effective rates from annual rates?The fact that APR is based on simple interest rather than compound interest is the primary distinction between EAR and APR. EAR (or APY) is more effective for evaluating credit cards and loans with frequent compounding, while APR is most useful for mortgage and auto loans.
What does it mean to have an effective annual rate?The actual return on a deposit after accounting for the number of times interest is paid over a year is the effective annual rate. Taking into account the accumulative power of earning interest on interest, it serves as a benchmark for comparing deposits.
E A R = ( 1 + r m) m -1
= ( 1 + 0.149 12) 12 -1
= 0.1596, or 15.96 percent.
To learn more about effective annual rate here:
https://brainly.com/question/5442201
#SPJ4
Full Question = Your credit card company quotes you a rate of 14.9 percent. Interest is billed monthly. What is the actual rate of interest (EAR) you are paying?
A. 13.97 percent
B. 14.90 percent
C. 15.48 percent
D. 15.96 percent
E. 16.10 percent
What is meant by income from savings?
Income from savings refers to money you get back by putting money into a savings account or investing in stocks, bonds, mutual funds, and other investments.
This income can come from interest paid on investments, capital gains from buying and selling investments, or dividends from stocks. Income from savings is a great way to build wealth over time. It allows you to save money for the future and provides a steady source of income. It also gives you the opportunity to diversify your investments and build a portfolio of high-performing investments. By investing in different types of investments, you can reduce the risk of losing your money and increase the chances of a steady income.
To know more about income click here
https://brainly.com/question/17151357
#SPJ4
What is an example of high opportunity cost?
Let a person has A illustration of opportunity cost. He has Rs. 50.000 in his possession, and he can either keep it with him at home or deposit it in the bank, where it will earn interest at 4% per year.
As a result, the opportunity cost of keeping money at home is Rs. 2000 per year, in contrast to the Bank.
What exactly is a high opportunity cost?Your opportunity cost is the value of what it would have cost to rent elsewhere, assuming that other options were less expensive. The opportunity cost can be high at times, as if you passed up the chance to rent a great corner store for just $2,000 per month.
What is the name of opportunity cost?The next best option is commonly referred to as opportunity cost. The loss of gain that could have been gained if another option was chosen is also referred to as the alternative cost. It can also be defined as the loss of a benefit as a result of making a different choice.
How significant is opportunity cost?When making decisions, the idea of opportunity cost is used to help people and businesses make better choices, primarily by considering the alternatives. The cost and benefit of each option are included in opportunity costs, which can sometimes be difficult to estimate. Opportunity costs are based on the future.
Learn more about opportunity costs:
brainly.com/question/30142279
#SPJ4
What interest rate is implicit in a $1,000 par value zero-coupon bond that matures in 8 years if the current price is $520.
The concept here is Zero-coupon bonds, a bond in which the face value is repaid at the time of maturity. The answer is, 8.51%.
Zero coupon bonds are bonds that pay no interest throughout their life. Unlike ordinary bonds, it does not make periodic interest payments and has no so-called coupons, hence the term zero coupon bond.
When the bond reaches maturity, its investor receives its par value. Given:
maturity - 8 years
face value - $1,000
current value - $ 520
Calculation of YTM:
YTM = (face value / current bond price) ^(1/maturity) - 1
YTM = (1000/520) ^(1/8) -1
YTM = (1.9230)^0.1250 -1
YTM = 1.0851 -1
YTM = 0.0851 or 8.51%
We can conclude by saying that, the interest rate of a Zero-coupon bond will be 8.51%.
To know more about Zero-coupon bonds,
brainly.com/question/28043768
#SPJ4
Amy worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the federal government reduced defense spending. She has been looking for similar work for a year but no company seems interested in her aircraft design skills. What type of unemployment is Amy facing
Amy has been looking for similar employment for a year, but no employer seemed to be considering her expertise in aircraft design. Mollie kind of unemployment is Amy experiencing.
According to the OECD, unemployment refers to adults above a specific age who are currently seeking employment but are not employed or working for themselves during the reference period. The unemployment rate, which is used to determine the degree of unemployment, is calculated using the number of unemployed people as a percentage of the labor force. The state of the economy, which can be impacted by a recession, the competition brought on by globalization and international trade, government policies, regulations, and the market are just a few of the factors that contribute to unemployment. A country's fiscal policy, for example, can have an impact on unemployment and the status of the economy.
Learn more about unemployment from
brainly.com/question/305041
#SPJ4
What are the four key assumptions examined in specification analysis in the case of simple regression? A. Four key assumptions examined in specification analysis are 1. Linearity of relationship between the dependent variable and the independent variable within the relevant range. 2. Constant variance of residuals for all values of the independent variable. 3. Fixed costs are allocated as if they are variable. 4. The relationship between the cost driver and the cost is not stationary. B. Four key assumptions examined in specification analysis are 1. Independence of residuals. 2. Normal distribution of residuals. 3. Fixed costs are allocated as if they are variable. 4. The relationship between the cost driver and the cost is not stationary. C. Four key assumptions examined in specification analysis are 1. Linearity of relationship between the dependent variable and the independent variable within the relevant range. 2. Constant variance of residuals for all values of the independent variable. 3. Independence of residuals. 4. Normal distribution of residuals. D. None of the above are correct.
Answer:
C. 1. Linearity of relationship between the dependent variable and the independent variable within the relevant range. 2. Constant variance of residuals for all values of the independent variable. 3. Independence of residuals. 4. Normal distribution of residuals.
Explanation:
The four keys assumptions that are examined in the case of simple regression with respect to the specification analysis is given below:
1. There should be relationship between the dependent and independent variable and that should be linear and do not cross the relevant range
2, The residual variances of the independent variable would remain the same
3. Residual independence
4. Residual normal distribution
These four should be considered
Hence, the option c is correct
Jasmine has played basketball since she was six years old. Each winter, she starts practicing for her local team. This year, she has decided to take a job at a supermarket. Jasmine is not able to do both activities, because her shift at the supermarket would begin before the team's practices would end. Based on what you have read, if Jasmine works at the supermarket, what is her opportunity cost
Answer:
Based on the information provided, if Jasmine chooses to work at the supermarket, her opportunity cost would be giving up her ability to participate in her local basketball team's practices.Opportunity cost is the cost of an alternative that must be foregone in order to pursue a certain action. In other words, it's the second best option or alternative you give up when you choose to pursue a specific goal or objective. In Jasmine's case, if she chooses to take the job at the supermarket, she will not be able to attend the team's practices which is her alternative option. Therefore, her opportunity cost is the benefit she would have gained from participating in the basketball practices.
Explanation:
hope this helps
Answer: D. missing out on playing basketball
Explanation: just got it right on the assignment on edge 2023.
What might be the role of a real estate broker in the event a homeowner seeks to overturn a property appraisal?
A broker could be able to provide accurate evaluations and similar property sales prices. They provide agents for sellers and purchasers with information about the trend in real estate values.
What are some of the functions and duties of your Florida sponsoring broker?is accountable for your activities for at least the first years of your profession, keeps your licence inside the broker's offices, supervises and trains you.
What is a broker's primary responsibility?A broker is a person or business that stands between a prospective buyer as well as a securities exchange. A company's function as a customer's agent when it collects a commission from the customer for its services is sometimes referred to as acting as a broker.
To know more about broker visit:
https://brainly.com/question/14455739
#SPJ4
The amount of interest income a taxpayer recognizes when he redeems a U.S. savings bond is:
A) the excess of the taxpayer's basis in the bonds over the bond proceeds.
B) the bond proceeds.
C) the excess of the bond proceeds over the taxpayer's basis in the bonds.
D) the taxpayer's basis in the bonds.
E) None of the choices are correct.
When a taxpayer redeems a U.S. savings bond, the amount of interest income that is recognized is: A) the difference between the taxpayer's basis in the bonds and the bond's face value
Are U.S. Savings Bonds a good investment
Consumers and corporations can get a guaranteed interest rate on their investments with U.S. Savings Bonds. With durations of up to 30 years, these bonds aid in funding government expenditures. Currently, the U.S. government sells two different types of savings bonds online through its Treasury Direct website: Series EE and Series I. Although there are only two varieties of U.S. Savings Bonds, each one might be a good investment depending on the circumstance.
Know more about taxpayer's basis visit:
https://brainly.com/question/4994159
#SPJ4
·
Your business statistics class had an exam last week. The average exam score for the class is an example of ________.
Answer:
Descriptive Statistics
Answer: Descriptive Statistics
Explanation:
If the market interest rate is lower than the contractual interest rate, bonds will sell a. at face value. b at a premium. c. at a discount. d.only after the stated interest rate is increased.
b at a premium, the market interest rate is lower than the contractual interest rate, bonds will sell The amount that the lender charges the borrower over and beyond.
the principle amount is referred to as the interest rate. A person who deposits money in a bank or other financial institution also gets additional income in terms of the recipient, known as interest, taking into account the time value of money. Supply and demand is an economic theory that describes how prices are set in a market in microeconomics. It assumes that, with everything else being equal, in a market where there is competition, the unit price for a certain commodity,
lean more about interest rate here:
https://brainly.com/question/13324776
#SPJ4