Answer:
$86.81
Step-by-step explanation:
Using the given formula, we want to compute A for ...
P = 4750
r = 0.2279
n = 365 . . . . . assuming "exact" interest
t = 1 or 30
For 1 day late:
A = 4750(1 +0.2279/365)^(365·(1/365)) = 4752.97
For 30 days late:
A = 4750(1 +0.2279/365)^(365·(30/365)) = 4839.78
The difference in these payment amounts is ...
$4839.78 -4752.97 = $86.81
You would save $86.81 in interest charges by paying only 1 day late.
_____
<em>Comment on the question</em>
It would be a poor choice of credit card to use one that compounds interest daily. Most do so on a monthly basis.
For this case we can make the following rule of three:
9 1/2 m --------------> 28 1/2 rupees
26 1/3 m -------------> x
From here, we clear the value of x.
We have then:
Rewriting we have:
Answer:
samruth should pay 79 rupees to the shopkeeper
Answer:
See below.
Step-by-step explanation:
6.) (5)/6 ≤ 1 (Yes)
7.) 1.4(11) > 16
15.4 > 16 (No)
8.) 11.1 + 9.8 ≥ 21.01
20.9 ≥ 21.01 (No)
9.) 2.5 < (90)/30
2.5 < 3 (Yes)
10.) 1/2 > 3(1/6)
1/2 > 1/2 (No)
11.) 2.16 ≥ 3(0.6) - 0.5
2.16 ≥ 1.8 - 0.5
2.16 ≥ 1.3 (Yes)
12.) x < 2 (x is less than 2.)
13.) x ≥ -1 (x is greater than or equal to -1.)
