Interest accumulates whether he pays or not.
If he does not pay, the principal is not reduced, therefore the accumulated amount in 15 months is equal to
Future value = 13000(1+0.036/12)^15
=$13597.45 (to the nearest cent)
You could wash 75 cars at this rate because 45/3 equals 15. You would multiply 5 by 15 and get 75.
Answer:
rs 200
Step-by-step explanation:
Let cost price = x
At 30% profit; marked price of radio is 30% of x = (100% + 30%) = 130%x
Discount = rs 3%
Profit made = 30
Hence,
Marked price - discount = cost price + 30
130%x - 30 = x + 30
1.3x - 30 = x + 30
1.3x - x = 30 + 30
0.3x = 60
Divide both sides by 0.3
0.3x / 0.3 = 60/ 0.3
x =
1.3x / 1.3 = 60 / 1.3
x = 200
Hence, cost price = rs 200
On the first day, they traveled for 10 hours with an average speed of 60 mph. Which means on the first day they traveled 600 miles.
Since the total distance is 1023 miles and presumably they will be going at a speed of 60 mph. We divide the miles by the rate:
1023/60 = 17.05
So it will take 17.05 hours to drive the whole way to Florida.
