Business, 31.03.2020 02:16 TamB01

Martin is offered an investment where for $ 6 comma 000 today, he will receive $ 6 comma 420 in one year. He decides to borrow $ 6 comma 000 from the bank to make this investment. What is the maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment

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Answer from: Learsyguerra26

The maximum interest rate shall be 7%

Explanation: From the information given, if Martin were to invest a principal amount of $6000 at the present time, after a period of one year, he would have received a total of $6420. That means he is making an additional $420, which is actually the interest gained over the $6000 invested. The interest rate that would yield such an amount over $6000 is calculated by means of the simple interest formulae which is;

I = PRT/100

Where the principal (P) is 6000, the interest (I) is 420 and the time (T) is 1, rearranging the formulae to make R (rate of interest) the subject of the formulae, we now have;

(100 x I)/PT = R

(100 x 420)/6000 x 1 = R

42000/6000 = R

7 = R

Therefore the interest rate should be 7%

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

Answer from: Quest

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