Use estimation to select the best response in Problems 5-14. Do not calculate. If (I=P r t)

Question:

Use estimation to select the best response in Problems 5-14. Do not calculate.

If $I=P r t$ and $P=\$ 49,236.45, r=10.5 \%$, and $t=2$ years, estimate $I$.
A. $\$ 10,000$
B. $\$ 600$
C. $\$ 50,000$
D. $\$ 120,000$

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Nature Of Mathematics

ISBN: 9781133947257

13th Edition

Authors: Karl J. Smith

See More Books

Question Posted: Jan 27, 2024 12:06 PM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Use estimation to select the best response in Problems 5-14. Do not calculate. If $I=P r t$ and $I=\$ 398.90, r=1.05 \%$, and $t=1$ year, estimate $P$. A. $\$ 400$ B. $\$ 40$ C. \(\$...
Use estimation to select the best response in Problems 5-14. Do not calculate. If a loan is held for 180 days, then $t$ is about B A. 180 B. $\frac{1}{2}$ C. $\frac{1}{4}$ D. 3
Why should every credit application be signed by the applicant or an authorized officer of the applicant? There are several factors that influence the setting of the terms and conditions of a sale....
A bucket that weighs 4 lb and a rope of negligible weight are used to draw water from a well that is 80 ft deep. The bucket is filled with 40 lb of water and is pulled up at a rate of 2 ft/s, but...
Why is a business - format franchise a popular approach to internationalizing in the hospitality industry?
Production technologies, terroir, and quality of Bordeaux wine. The production of quality wine is strongly influenced by the natural endowments of the grape-growing region called the terroir. The...
Petroleum Research, Inc. (A), and Extraction International, Inc. (B), have each developed a new extraction procedure that will remove metal and other contaminants from used automotive engine oil. The...
Gibson Company manufactures a personal computer designed for use in schools and markets it under its own label. Gibson has the capacity to produce 2 9 , 0 0 0 units a year but is currently producing...
Use estimation to select the best response. Do not calculate. If (t=3.52895), then the time is about 3 years and how many days? A. 30 B. 300 C. 52 D. 200
Use estimation to select the best response in Problems 5-14. Do not calculate. In order to retire and live on the interest only, what is a reasonable amount to have in the bank? A. $\$ 300$ B. \(\$...
Performance is inversely related to delay. When we use the Internet, which of the following applications are more sensitive to delay? a. Sending an e-mail b. Copying a file c. Surfing the Internet
Financial Statement Items Identify the financial statement (or statements) in which each of the following items would appear: income statement (IS), statement of stockholders' equity (SSE), balance...
Recall from Chapter 4 that Tiger Stripe Copy Center is a small business located near a large university campus. Tiger Stripe Copy offers a range of services to walk-in customers, including passport...
Accounting Processes Identify the following processes as either measuring or communicating. a. Prepare financial statements for the entity b. Identify relevant economic activities of the entity c....
To estimate future values of the cost indices, one is tempted to assume that the average value for the year occurred at midyear (June 30-July 1) and that the linear fit to the recent data can be...
Reston Manufacturing Corporation produces a cosmetic product in three consecutive processes. The costs of Department | for May 2016 were as follows: Department | handled the following units during...
Find the indefinite integrals of the following function. 72t + 5
Borrowing costs should be recognised as an expense and charged to the profit and loss account of the period in which they are incurred : A. If the borrowing costs relate to qualifying asset B. If the...
A negative charge -q lies midway between two positive charges +Q.What must Q be such that the electric force on all three charges is zero?
In Fig. 20.29, take q 1 = 68 ?C, q 2 =? -34 ?C,and q 3 = 15 ?C. Find the electric force on q 3 (m) 2- 92 (m) 3 2 FIGURE 20.29
In Fig. 20.29, take q 1? =25 ?C and q 2 =20 ?C.If the force on q 1 points in the -x-direction, find(a) q 3 ?(b) the magnitude of the force on q 1 (m) 2- 92 (m) 3 2 FIGURE 20.29
En prenant un exemple de votre choix, montrer comment on value un swap de taux de change.
How much would you need to invest today in order to receive: a. $10,000 in 5 years at 11%? b. $11,000 in 12 years at 8%? c. $12,000 each year for 10 years at 8%? d. $12,000 at the beginning of each...
A company that manufactures pulse Doppler insertion flow meters uses the Straight Line method for book depreciation purposes. Newly acquired equipment has a first cost of $190,000 with a 3-year life...

Use estimation to select the best response in Problems 5-14. Do not calculate. If (I=P r t)

Question:

Step by Step Answer:

The given question involves estimation to find the value of I in terms of P principa...View the full answer

Nature Of Mathematics

Students also viewed these Sciences questions