Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. assume that fixed interest rates are used throughout this question. olivia deposited $800 at her local credit union in a savings account at the rate of 6.2% paid as simple interest. she will earn interest once a year for the next 7 years. if she were to make no additional deposits or withdrawals, how much money would the credit union owe olivia in 7 years?

$1,147.2

Explanation:

Given:

Principle amount deposited = $800

The rate of interest paid, r = 6.2% = 0.062

Duration, t = 7 years

Now,

The simple interest is calculated as:

Interest = Principle × Rate × Time

on substituting the respective values, we have

Interest = $800 × 0.062 × 7

or

Interest = $347.2

Therefore,

The total amount owed by the credit union = Principle + Interest

= $800 + $347.2

=  $1,147.2

mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates control loss.

3rd the reason why is because of management and leadership