Answer: Liam pays an average interest of 5.9% on the total $35,000.
Since the amounts borrowed and the respective interest rates are different, <u>the weighted average </u>will give us a better picture of the average interest paid on the loan.
We calculate weights based on the total amount borrowed.
Borrowing ($) Weights
Parents 3000 
= 0.228571429
<u>Bank 32000 
= 0.771428571
</u>
Total 35000 1
Once we have the weights, we multiply the interest rates with the respective weights. Then we find the total of the (weights * Interest rate) column to find the weighted average or the average rate Liam pays.
Weights Int Rates Weights * Interest rates
Parents 0.228571429 0.03 
<u>Bank 0.771428571 0.068
</u>
Total 1 0.059314286
C) Increase interest rates in order to decrease the money supply
During high inflation, the Federal Reserve will increase rates so that it is harder to borrow money and people will not spend as much of what they already have. The goal of this is to slow down economic growth (which is tied to inflation) in the short term.
Do you have anything that’s unique? Have you operated in
Customer Service before? That means you have x years of Customer Service
experience. That is the experience that they would look at to hire you over another
person who can’t put anything in there. Have you operated in food service
before? Then you have x years of experience in that, too.
Answer:
The information provided to Kanska was insufficient.
Explanation:
The onus was on the company to provide all the necessary information for Kanska to work with.
An application development firm only creates applications based on the requirements gathered from clients and if clients don't divulge all necessary information, there is bound to be dissatisfaction in service when the mobile application is provided.
