A florist borrowed money to buy a large quantity of new imported floral art products to sell in her shop. If it cost her $393.60 to borrow the money for 146 days at 12% exact simple interest (365-day year), what was the amount borrowed?
P = I ÷ (RT) = $393.60 ÷ (0.12 × 146/365) = $8,200
You might also like to view...
When assessing the current situation in the first step of a marketing plan, it is recommended that one ________
A) avoids making assumptions of any kind B) eliminates areas that lack factual data from the purview of the plan C) utilizes only concrete facts about the future projections and performance gaps D) generates estimates based on knowledge and experience to be modified in the future E) substitutes the data of current performance by that of the projected performance in the plan
Every device on the Internet is uniquely identified with a numerical label known as _____.
Fill in the blank(s) with the appropriate word(s).
What Major themes that can be addressed in lectures or class discussions
What will be an ideal response?
Opportunistic viewer
What will be an ideal response?