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Cerrena
2 months ago
6

Which of the following would likely result from a Malaysian quota on peanuts imported from the United States? The price of peanu

ts would increase in the United States. The quantity supplied of peanuts would decrease in the United States. The price of peanuts would increase in Malaysia. The quantity supplied of peanuts would increase in Malaysia. The quantity demanded of peanuts would increase in Malaysia.
Business
1 answer:
Scilla [3.8K]2 months ago
8 0
Peanut prices in Malaysia would be expected to rise.
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A recent income statement of McClennon Corporation reported the following data:
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1 month ago
On July 1, 1990, John invested $300 in an account that earned 8% simple interest. On July 1, 1993 he closed this account and dep
marusya05 [3725]

Response:

The interest rate is 5.7%          $21.204

Clarification:

The formula for calculating simple interest is

I =

\frac{P*R*T}{100}

Given that

I = Interest, T = time;;R is rate; P = principal

John earned this interest by July 1, 1993 as follows:

           I = \frac{300*1* 8}{100} = 72

Consequently, the total amount in John's account by July 1, 1993 would then be

= $300 + $72= $372

This indicates he utilized these funds at an interest rate of q.

On July 1, 1998, John’s total was $520, meaning the interest accumulated in these five years equals $520 - $372 = $148.

Using the simple interest formula: Interest = PRT/100

148 =

\frac{520*5*q }{100}        = 14,800 =2600q

       q = \frac{14,800}{2,600}

Thus, the rate is found to be 5.7%

The interest amount between July 1, 1993, and July 1, 1994 calculates as

    I = \frac{PRT}{100} = \frac{372*5.7*1}{100}

          = $21.204

7 0
1 month ago
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