Answer:
Step-by-step explanation:
I need help with all 4 of these . And I do need to show work for all of them
1 answer:
Answer:
Step-by-step explanation:
11) Profit = Selling price - purchase price - other expenses
12) Profit = Selling price - purchase price - other expenses
(after rounding off)
13) Annual interest on bond
=INterest rate on face value of bond for 1 year
14)Cost of bond
= quoted value (rate)
=3500(80.5)
=2817.50
15) Cost of bond
= quoted value (rate)
=4250(83.5)
=3548.75
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To be able to quickly solve this, we can temporarily make 5.47 into 547
Now, we can divide 547 by 12.
Now, we can round up from 45.5 to get 46.
However, we originally moved our decimal 2 places over, so now we must move it 2 places again.
46 ⇒ 0.46
The correct answer is $0.46