Divide. give the quotient and remainder. 4036/5
1 answer:
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Actually Welcome to the concept of calculations of bills.
The bill calculation goes as equation,
y = $250 + n*($10)
here, n = number of lines,
1.) For n = 2 , Y = cost = 250 + 20 = $270
2.) for n = 4 , Y = $290
3.) for n = 6 , Y = $310
4.) for n = x, Y = $250 + x*($10)
for lastly 12 members we get as,
Y = 250 + (12)*(10) = 250+120 = $370
Answer:
Compound interest =$14.58
Simple Interest=$14.79
Step-by-step explanation:
Let's assume the interest rate charged on the loan was simple in nature.
-Simple interest is calculated using the formula:
Hence, the simple interest on the loan was $14.79
#If the interest is compound in nature with just one compounding per year:
Hence, the compound interest charged on the loan is $14.58