Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 05, 2024

If simple interest is charged at 5 % per annum on a loan of R 1 0 0 0 0 0 that is taken out

If simple interest is charged at

5 %

per annum on a loan of R

100000

that is taken out for three years, then the total

amount of interest payable by the borrower is R

15 000 .

True

False

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics For Investment Decision Makers

Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto

1st Edition

1118111966, 9781118111963

More Books

Students also viewed these Finance questions

Question

★★★★★

Let f(x) := x2sin (1/x) for 0 0 for x 0. Show that does not exist. lim f(x)-0

Answered: 1 week ago

Question

★★★★★

Question Content Area The following information is available for Morgan Corporation: 2016Market price per share of common stock$25.00 Earnings per share on common stock1.25 Which of the following...

Answered: 1 week ago

Question

★★★★★

Explain the differences between economies of scale and economies of scope.

Answered: 1 week ago

Question

★★★★★

What gain or loss should Taylor record on the sale? a. Gain, $800 b. Loss, $1,160 c. Loss, $520 d. Gain, $1,160 Taylor Company purchased a machine for $9,800 on January 1, 2016. The machine has been...

Answered: 1 week ago

Question

★★★★★

If simple interest is charged at 5 % per annum on a loan of R 1 0 0 0 0 0 that is taken out for three years, then the total amount of interest payable by the borrower is R 1 5 0 0 0 . True False

Answered: 1 week ago

Question

★★★★★

Pillar has an annual payroll of $125,000. In addition, the company incurs payroll tax expense of 4% of the annual payroll. At December 31, Pillar owes salaries of $8,400 and FICA and other payroll...

Answered: 1 week ago

Question

★★★★★

Five mutually exclusive cost alternatives have a 6-year useful life and no salvage value. The equivalent AW for each a shown in the table below. The MARR is 6%. Which alternative should be selected?...

Answered: 1 week ago

Question

★★★★★

An electric field with magnitude 500,000 N/C causes a point charge to hang at the angle 3 as shown in the figure below. If the charge has a mass of 2.00 g and a charge of +250 nC, what is the angle 6...

Answered: 1 week ago

Question

★★★★★

SALES REVENUE When x units of a certain luxury commodity are produced, they can all be sold at a price of p thousand dollars per unit, where p= -6x +100. a. Express the revenue function R(x) as a...

Answered: 1 week ago

Question

★★★★★

Penn Corporation purchased 80 percent ownership of State Company on January 1, 20X2, at underlying book value. At that date, the fair value of the noncontrolling Interest was equal to 20 percent of...

Answered: 1 week ago

Question

★★★★★

Question: Question (E): Irrationality With Prime Factorization (15 Pts) Use A Proof By Contradiction Which Involves The Unique Prime

Answered: 1 week ago

Previous Question Next Question