1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
leva [86]
2 years ago
8

Shawn bixby borrowed $26,000 on a 150-day, 9% note. after 70 days, shawn paid $2,900 on the note. on day 107, shawn paid an addi

tional $4,900. use ordinary interest.
a. determine the total interest use the u.s. rule. (do not round intermediate calculations. round your answer to the nearest cent.)



b. determine the ending balance due use the u.s. rule. (do not round intermediate calculations. round your answer to the nearest cent.)
Mathematics
1 answer:
Dmitrij [34]2 years ago
4 0

The total interest is =$875.76

The ending balance due = $19075.76

<h3>Calculation of interest using US rule</h3>

The US rule states that the year will be calculated in 360 days and not 365

  • At day 70 the interest= 26,000 × 0.09 × 70/360

= 163,800/360

= $455

He owes $26,000+$455 = $26,455 but he pays $2,900 leaving him with a depth of $23,555 at day 70.

  • At day 107: another 37 days has passed, therefore interest = $23,555 × 0.09× 37/360

= 78438.15/360

=$217.88

So at this time he owes $23772.88, but pays off $4900 leaving with a balance on day 107 of $18872.88

It will be another 43 days till the note is due, therefore the interest that would the generated the remaining days =

$18872.88×0.09×43/360

= 73038.0456/360

= $202.88

Therefore at day 150 he is owing $18872.88 + $202.88 = $19075.76 ( ending balance due)

The total interest generated;

= $455+$217.88+$202.88

= $875.76

Learn more about simple interest here:

brainly.com/question/20690803

#SPJ1

You might be interested in
PLEASE HELP ASAP 25 PTS + BRAINLIEST TO RIGHT/ BEST ANSWER
mrs_skeptik [129]

The answer is D. (4,2,-3)


See picture for solution:




7 0
3 years ago
A line passes through (4,5) and (8,9). which equation best represents the line?
telo118 [61]
Y=x+1 would be the best equation that represents the line
3 0
4 years ago
The vertices of a square CDEF are C(1,1), D(3,1), E(3,-1) and F(1,-1). What formulas prove that the diagonals are congruent perp
Oxana [17]

To prove that the diagonals are congruent, you need to formula to compute the distance between two points:

d(A,B) = \sqrt{(A_x-B_x)^2 + (A_y-B_y)^2}

Using that formula, you may prove that d(C,E) = d(D,F), which means that the two diagonals have the same length.

To prove that they are perpendicular, you need the formula to compute the slope of a segment. The slope, knowing the enpoints, is given by

m = \cfrac{\Delta y}{\Delta x} = \cfrac{A_y-B_y}{A_x-B_x}

You can use this formula to prove that

m_{CE} = -\cfrac{1}{m_{DF}}

In fact, if one slope is the opposite of the reciprocal of the other, the two segments are perpendicular.

Finally, to prove that they bisect each other, you first need to find the point where they meet. First of all, you need to find the line the segments lie on: the formula is

y-y_0 = m(x-x_0)

where (x_0,y_0) is one of the points belonging to the line, and you already know how to find the slope. Then, you find the point of intersection, say A, by solving the system involving the two lines:

\begin{cases} y= m_{CE}x+q_{CE}\\ y = m_{DF}x+q_{DF} \end{cases}

And use again the formula for the distance between two points to prove that

d(A,C) = d(A,D) = d(A,E) = d(A,F)

4 0
3 years ago
Which point represents the opposite of 0 on the number line?
Ainat [17]

Answer:

C) 0

Step-by-step explanation:

The opposite of 0 is 0.

3 0
3 years ago
Read 2 more answers
Please help ASAP!!!<br><br>Anyone know this?<br><br><br>See pic attached
vampirchik [111]

Step-by-step explanation:

a ) 12 , 17 , 22 , 27 , 32

according to the given sequence, they added 5 in the numbers

b ) 83 , 77 , 71 , 65 , 59

in this given sequence they just subtracted 6 from the number

hope this answer helps you dear...take care and may u have a great day!

8 0
3 years ago
Other questions:
  • I need help now!<br> I don’t get it
    11·1 answer
  • A Food Marketing Institute found that 26% of households spend more than $125 a week on groceries. Assume the population proporti
    6·2 answers
  • I don’t get it which one is it
    11·1 answer
  • What is 5.25% as a decimal
    12·2 answers
  • Is the function tan t positive or negative in quadrant IV
    8·2 answers
  • The width of a rectangle is 9 units less than its lengthy l. What is an expression that shows how wide the rectangle is in terms
    12·1 answer
  • it takes a hose 4 minutes to fill a rectangle 9inc long, 11inches wide and 12 inches tall, how long will it take to fill an aqua
    7·1 answer
  • Determine the slope-intersept form of the linear equation x/2 - y + 6 =0
    10·1 answer
  • Solve for x (X-9)(x+5)=8(21)
    6·1 answer
  • I need help for a good grade thank youuu
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!