Total of payments
104.5×36=3762
C=total of payments-amount financed
C=3,762−3,500=262
I=(2yc)÷(m× (n+1)
I=(2×12×262)÷(3,500×(36+1))=0.0486
I=0.0486×100
I=4.86%
Answer: 12%
Step-by-step explanation:
Original amount = Rs 1550
VAT = Rs 1736 - Rs 1550 = Rs 186
VAT rate = VAT/Original amount × 100
= 186/1550 × 100
= 18600/1550
= 12%
Therefore, the VAT rate is 12%.
Check:
= Rs 1550 + (12% × Rs 1550)
= Rs 1550 + $186
= Rs 1736
Answer:
Hope that helps!
Step-by-step explanation:
Answer: 20 : 3 : 12
Step-by-step explanation:
For every 1 litre, 150 ml of sucrose and 600ml of saline solution is needed.
1litre = 1,000 ml
Water = 1,000 ml
Ratio:
1,000 : 150 : 600
Divide by 50 to get simplest form:
20 : 3 : 12
Given:
- The principal amount that Amy opened her savings account with is $1750.
- The rate of simple interest compounded annually is 4.3%.
- The time period for which we calculate the new balance is 6 months.
To Find:
The balance after 6 months.
Answer:
The balance after 6 months will be $1787.625
Step-by-step explanation:
The principal amount that Amy opened her savings account with is $1750. We can denote this by P.
The rate of simple interest compounded annually is 4.3% which we may denote by R.
The time period for which we calculate the new balance is 6 months which can be written as 0.5 years (since the rate of interest is compounded annually, we must consider the time period in terms of years).
The amount of money accrued from the interest can be calculated by the formula
Putting in the values given in the question, we have
The amount in the bank account will be the principal amount plus the amount of interest accrued that we have calculated above.
Thus, the balance after 6 months will be 1750 + 37.625 = $1787.625.