We need to compute the exact number of days of the loan.
Given:
Loan: 1,870
rate: 11%
term: Oct. 5 to Jan 16.
Oct 5-Oct 31: 26 days
Nov: 30 days
Dec: 31 days
Jan 16: 16 days.
total number of days: 103 days.
Interest = Principal * rate * term
Interest = 1870 * 0.11 * 103/365
Interest = 58.05
Given:
Promissory note $5,380
rate 6.2%
term: July 15 to Dec. 28
July 15 - 31 = 16 days
August: 31 days
September: 30 days
October: 31 days:
November: 30 days
December: 28 days
Total number of days is 166 days
Interest = Principal * rate * term
Interest = 5,380 * 0.062 * 166/365
Interest = 151.70
Answer:
$522.99
Step-by-step explanation:
Fv = total amount plus interest over the given period of time
P = Principal amount deposited i.e $500
r = interest given 1.5% i.e 0.015
n = period of time the principal remains deposited. In this case annually i.e 12 months
FV = $522.99
Hello,
a(2)=-6
a(3)=-6*r
a(4)=-6*r²
a(5)=-6*r^3=162
a(5)/a(2)=r^3=162/(-6)=-27==>r=-3
a(1)=-6/(-3)=2
a(2)=2*(-3)
a(3)=2*(-3)²
a(4)=2*(-3)^3
a(5)=2*(-3)^4
a(n)=2*(-3)^(n-1)
Answer
I would like to help but, I need more background information.
Answer:
a) 30
b) 144
c) 4
d) 900
Step-by-step explanation:
a) 6 + 24 = 30
b) 6 * 24 = 144
c) 24 ÷ 6 = 4
d) 
