The calculation uses the accumulated daily balance method (ADB).
We assume the statement is based on calendar month (rare!).
George owes $500 from beginning to end of June, so 30 days out of 30.
Interest accrued is 500*0.013*30/30=$6.50.
He also owes $2000 from June 12 to June 30, so 19 days inclusively.
Interest accrued is $2000*.013*(19/30)=16.47
Total interest at the end of the month=$6.50+$16.47=$22.97
Answer:
P= - 16/11 or P= - 1 5/11 or P= - 1.45455
Step-by-step explanation:
Just trust my answer
Answer:
(-7, 1)
Step-by-step explanation:
Add the x and y values separately which is across from your screen to get the function which is (-7, 1).
The answer is 8 and 3 fourths which would be written as 8 3/4
