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rewona [7]
3 years ago
12

Nigel borrows $250 and pays 5.5% simple interest each year. if he pays back the money in one year, what is the total amount that

he pay? Write equation and solve.
Mathematics
2 answers:
ddd [48]3 years ago
7 0

Answer: $263.75

Step-by-step explanation:

5.5= 0.055

250x.055=263.75

mihalych1998 [28]3 years ago
4 0

Answer:

$263.75

Step-by-step explanation:

You can calculate the interest using the formula I = C x i x t

I: interest to pay

C: initial capital

i: interest rate (annual)

t: time (in this case, number of years)

I = $250 * 5.5% * 1 = $13.75 of interest + $250 = $263.75

Nigel will be paying $263.75

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John received $300 for his birthday he buys 4 DVDs at $12.95 each. Sales tax is 6.5% how much birthday money does he have left
joja [24]

Answer: $244.83


Step-by-step explanation:

First find the original amount spent on dvds:

    $12.95 * 4 = $51.80

Then, the sales tax (6.5% is converted to decimal form by dividing by 100):

    $51.80 * 0.065 = $3.367

Add the sales tax to the original amount to get the total amount spent:

    $51.80 + $3.367 = $55.167

Round to the nearest hundredth:

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Subtract the total amount from the money received for his birthday:

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4 0
3 years ago
I need to turn this in by tomorrow!!!!! PLEASE HELP ME.
AlladinOne [14]

Step-by-step explanation:

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4 0
3 years ago
A parallelogram with the sides of 6 and 10 has a area of 30 square root of 2. Find the measure of each angle of the parallelogra
Vinvika [58]
a=10,b=6,A=30 \sqrt{2} 
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Read 2 more answers
On the last day of the fiscal year, a co-worker asks you to cut a check for $2,000 as a miscellaneous expense for supplies in or
S_A_V [24]

Answer:

A. No, Should not in any way write the check today and neither record the expense or even write the check tomorrow.

B. The company will be affected if the check

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Step-by-step explanation:

A. Based on accounting principle every debit entry must have a corresponding credit entry which means that in a situation where a check is been cut today for miscellaneous expense and for supplies the Miscellaneous expense account should be debited while the bank account should as well be credited based on the double entry principle because if not so the current year net income will wrongly shows and be higher with the amount of $2,000.

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Therefore I can issue a check today and as well record the expense the same day in which the check was issued.

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