A savings account that pays interest every month is said to have a quarterly interest period.
Because he divided the population into smaller groups and then randomly sampled each group, he would be using a stratified random sampling procedure.
<span>$104,500 * 0.04 = $4,180 - $665 = $3,515</span>
Answer:
$28,300
Explanation:
Calculation to determine the net debt
Using this formula
Net debt=(Short-term interest bearing debt +
Long-term interest bearing debt+Non-interest bearing liabilities)-Cash and equivalents
Let plug in the formula
Net debt=($ 3,000 +$25,000+$ 1,500)-$ 1,200
Net debt=$29,500-$1,200
Net debt=$28,300
Therefore Net debt is $28,300