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What is the price paid for the use of borrowed money?
It is interest
How do you use addition and subtraction in a real life situation?
When you go to a store and you add stuff to your shopping cart, and if you have limited money, you should use addition so that you know how much those will cost. Then when it cost more than you thought, you "subtract" the price of a random item by putting it back to the shelf so that the cost would match the amount you have.
Where would you use additive inverse in real life?
When you owe money
How do you use the word Inequality in a sentence?
There remains today an inequality in the salaries paid to female executives.The inequality of races was an accepted tenet until the late 20th century.
You piggy bank has all nickels and quarters. You count up the coins and find out that there are 64 coins and you have a total of 7.40. How many of each type of coin do you have?
The idea is to write two equations, one for the number of coins, one for the amount of money. Then solve the equations.Assuming "n" is the number of nickels, and "q" the number of quarters, the equations for the coins, of course, is quite simply: n + q = 64 And the equation for the money (I'll use cents; you can just as well use dollars if you prefer): 5n + 25q = 740 You can solve the first equation for "n", then replace that in the second equation.
Is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
What is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
Why does paid in capital and earned capital need to be kept separate?
Paid in Capital is the amount of investment a shareholder has contributed to the business for use and earned capital is the amount of profit that has been generated by the business itself. It must be separate for investor and shareholder information so that the difference between the two can be clearly stated.
Which concept does Adam Smith use to describe the amount of money commonly paid for any commodity?
Market price
What concepts does Adam smith use to describe the amount of money commonly paid for any commodity?
Market price
Is money paid for the use of money?
Interest.
What is another name for the rent paid to use someone else's money?
rent paid for the use of money is called what?
Which concept does Adam smith use to describe the amount of money commonly paid for any comodity?
Market price
What is money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What is the money paid for the use of money called?
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
What does a bank charge you when you borrow money from it?
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
The price paid for the use of money is?
Interest.
