How much money must you deposit in a savings account today to have Rs. 20000 in 20 years if the interest rate 7% compounded annually?
You must deposit Rs. 6122 into a savings account today.
Equation:-Assuming that Principal (P) = 20000
A = P[1+(R/100)] where Rate (R) = 7 and Number of Years (n) = 20.
ⁿ\s= 20000[1+(7/100)]
²⁰\s= 20000[1+(1/7)]
²⁰\s= 2000[(7+1)/7]
²\s= 20000 X (8/7) X (8/7)\s= 26122
Total Amount, A = 26122 Rupees
Compound Interest (CI) equals A-P = Rs. 26122 x 20 000 = Rs. 6122
What does the term "compound interest" mean?The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: if you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.
What is meant by the phrase "compound interest"?Compound interest is the term for interest that is earned on interest. This may be shown using simple math: if you start with $100 and it earns 5% interest every year, you will have $105 at the end of the first year. After the second year, you'll have $110.25.
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Do some research online and list 3 promotions that have exceeded a business' expectations
List three promotions that have surpassed a business's expectations after doing some online research.
7 methods for exceeding clients' expectations
Don't be afraid to surprise people.
Become more responsive.
Ensure a unified experience over all channels.
Avoid making commitments you can't maintain.
Get close.
aiding customers in self-help.
Include your target audience in the creation process.
What are six strategies to satisfy or surpass expectations?Six Ways to Outperform Customers' Expectations
Think carefully. Give them a pleasant, simple purchasing experience.
Be perfect in your word choice. Give thorough explanations of your goods or services, and only make guarantees you can maintain.
Maintain good manners.
Keep your word.
Be approachable.
Donate freely.
Can you give an instance where you surpassed a client's expectations?taking over for a manager or boss who was forced to miss work due to unforeseen circumstances. putting forth extra effort to satisfy an unique request from a patient, client, or other constituent. Anything else you did to make your company's clients or customers happy outside the scope of your regular work responsibilities
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Taxes are cut by 10% for all income levels. What type of policy is being conducted
When taxes are cut, the type of policy that is being conducted is a expansionary fiscal policy.
What is a expansionary fiscal policy?
Fiscal policies are policies enacted by the government to control the money supply in the economy. Fiscal policy can either be contractionary or expansionary.
Expansionary fiscal policy is when the government increases the supply of money in the economy. This can be done either by reducing the taxes or increasing their level of spending.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing their spending or increasing taxes.
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A corporation that pollutes a body of water has not met its moral minimum duty of social responsibility even if the business later companies those whom the pollution has injured.
The statement is False. A corporation that pollutes a body of water has not met its moral minimum duty of social responsibility even if the business later companies those whom the pollution has injured.
The proprietors of a corporation are shareholders (also referred to as stockholders) who gain hobby in the business by using shopping stocks of stock. Shareholders choose a board of directors, who are answerable for coping with the organization.
Nowadays, the standard answer is that an organization's purpose is to benefit its shareholders – academics communicate the “shareholder primacy norm,” and many communicate corporate managers' projects as “shareholder wealth maximization.” Even apparently selfless corporate acts, including charitable donations, are justified.
A company is a form of commercial enterprise employer that doubles as a separate criminal entity from its proprietors. All businesses are companies, however, now not all corporations are necessarily companies.
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