Find the Principal. Round to the Nearest Cent

question 24

Multiple Choice

Find the principal. Round to the nearest cent.
-Rate: 4%
Time: 150 days
Interest: $63.77

• A)$382.62
• B)$6,377.00
• C)$3,876.20
• D)$3,826.20

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Definitions:

Merger

The combination of two or more companies into a single entity, often to enhance competitiveness and efficiency.

Learning Curves

A phenomenon in which experience leads to learning meaning that current production lowers future costs.

Economies Of Scope

Cost advantages that enterprises obtain by producing a wide variety of products, rather than specializing in the production of a single product or a very few products.

Economies Of Scale

A situation where the cost per unit of output decreases as the scale of production increases.