The calculation uses the accumulated daily balance method (ADB).
We assume the statement is based on calendar month (rare!).
George owes $500 from beginning to end of June, so 30 days out of 30.
Interest accrued is 500*0.013*30/30=$6.50.
He also owes $2000 from June 12 to June 30, so 19 days inclusively.
Interest accrued is $2000*.013*(19/30)=16.47
Total interest at the end of the month=$6.50+$16.47=$22.97
Draw the tape diagram: a long rectangle and divide it into 4 squares in a row.The whole rectangle represents 24 (as a whole number), you're dividing it into 4 parts because you want to know what is 1/4 of it.Now, to find the value of each square: 24:4 = 6.Put the number 6 in each square, and you have found your result.1/4 of 24 is 6.
Answer:
Slope = -4
Step-by-step explanation:
Given points are :
(-1,30) and (4, 10)
We need to find the slope of the line that passes through these points.
We know that, the formula for the slope of line is given by :
We have, x₁ = -1, y₁ = 30, x₂ = 4 and y₂ = 10
Put values in the above formula.
So, the slope of the line is -4.
Answer:
Step-by-step explanation:
