A) The amount of the discount is the interest due, $63.75.
I = Prt
I = 5000*0.051*13/52
I = 63.75
b) Zakir will pay the discounted price, $5000 -63.75 = $4936.25
c) The effective rate is r/(1 -rt) = 5.1%/(1 -0.051*13/52) ≈ 5.17%
Interest I = PRT /100
P = $ 1000
R = 5.5% per annum
T = 18 months = 18 /12 = 1.5 years.
I = 1000 * 5.5 * 1.5 /100
I = $ 82.5
Amount = P + I = 1000 + 82.5 = 1082.5.
Hence the it would have grown to $1082.5
Answer:
Dream Destination Hawaii Number of Nights 4 Expense Total budgeted for each expense for the entire trip Round-Trip Airfare Airline 5,000 Cost per ticket dont know (you can use orbitz.com, kayak.com, or expedia.com) Lodging (Circle one) Hotel or Airbnb Cost per night dont know (you can check hotel prices on hotels.com and short-term vacation rentals on airbnb.com) Transportation (circle one) Car rental is $45 per day total Uber/taxis are $30 per day total Subway/buses are $10 per day total Food he (write your best estimate) Miscellaneous (museums, concerts, tips for servers, souvenirs, etc.) we (write your best estimate) Total $ ,780 Are you within your budget? yes If not, reduce one expense or the number of nights you’re staying above.
Step-by-step explanation:
Answer:
58.3333333333
Step-by-step explanation:
