The total interest cost to Bette is $145.89
What is exact interest basis?
Exact interest means that the interest is computed on 365-day per year basis rather than a 360-day per year basis, which is the case with financial institutions.
The first task in this case is to determine the number of days from May 19, when the amount was borrowed till October 8, when loan repayment was effected.
There are 142 days between the two dates, hence, we can compute exact interest on the loan as shown by the below formula:
exact interest=loan principal*number of days the borrowing last/365days *interest rate
loan principal=$3000
number of days the borrowing last=142
interest rate=12.5%(1/2%=0.5%)
Exact interest=$3000*142/365*12.5%
Exact interest=$145.89
The amount would have been different if ordinary interest where the number of days in a year is deemed to be 360, was used instead
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Answer: The right answer is 78,502.
Step-by-step explanation:
70,582 ; 75,802 ; 78,205 ; 78,502
By this being the order and 78,502 being last you know that it is the greatest.
The answer is B. 950. Calculating the coupon interest using the coupon rate formula of face value multiplied by the coupon rate then divided by the period, mathematically expressed as (20000*0.095)/ 2 since it is semi-annual, yields to an answer of 950.
Answer:
one for each angle measure) Line GJ is transversal, and since the bases ... I cannot add the measurement to my drawing by they are both 84 degrees. i hope i helped??
Step-by-step explanation:
Answer: 3.5 integers can be in decimals too. and any number counts as an integer except for 0
