Answer:
56.44%
Step-by-step explanation:
From the question, we have the following values
% Discount = 3%
Full allowed payment days = 30 days
Discount days = 10 days
1 year = 365 days
The formula for Effective Annual rate or Annual rate in effect =
Discount %/(1-Discount %) x (365 days/(Full allowed payment days - Discount days))
= 3%/(1 - 3%) × (365 days/30 days - 10 days)
= 0.03/(1 - 0.03) × (365/20)
= 0.03/0.97 × (365/20)
= 0.5644329897
Converting to percentage
0.5644329897 × 100
= 56.44329897%
Approximately = 56.44%
Therefore, the annual rate Heidi, in effect, is paying the supplier if she fails to pay the invoice at the end of the discount period is 56.44%
Answer:
well- you cant buy any pounds-
Step-by-step explanation:
Answer:
D. 116
Step-by-step explanation:
Let the grasshoppers with a white marking be 2x.
Let the grasshoppers without a white marking be 3x.
2x + 3x = 290
5x = 290
x = 290 / 5
x = 58
The grasshoppers with a white marking
= 2x
= 2 ( 58 )
= 116
Answer:
Below in bold.
Step-by-step explanation:
i) Amount = 15000(1 + 0.10)^2 = 18,150.
Interest = 3,150.
ii) Amount = 15620(1 + 0.08/2)^(3/2*2)
= 15620(1 + 0.04)^3
= 17,570.38.
Interest =1,950.38.
iii) Amount = 100000(1 + 0.04/4)^(3)
= 100000(1 + 0.01)^3
= 103,030.1
Interest = 3030.1.
