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Kitty [74]
3 years ago
14

A firm buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 85 days. What is the nominal an

nual percentage cost of its non-free trade credit, based on a 365-day year? a. 16.13% b. 18.55% c. 17.58% d. 15.00% e. 13.22%
Mathematics
1 answer:
Tresset [83]3 years ago
5 0

Answer:

  a. 16.13%

Step-by-step explanation:

By not taking the discount, the company pays ...

  1/(1 -0.03) -1 ≈ 3.0928%

for the use of the creditor's money for 85 -15 = 70 days.

This translates to an annual rate x according to the proportion ...

  3.0928%/70 = x/365

  x = (365/70)(3.0928%) ≈ 16.13%

The APR of the credit the company is using is about 16.13%.

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In golf shooting par is scored as a 0. A score of 2 below par is called an eagle. Jacobs friend Michelle scored an eagle on each
Mazyrski [523]

Answer:

Kindly check explanation

Step-by-step explanation:

Using the integer tiles :

Drawing 2 tiles each time an eagle is obtained, this gives:

-2 + - 2 + - 2 + - 2 + - 2 = - 10

Using the number line,

Each unit on the number line = - 2

Any time an eagle scored ; take a unit step to the left.

This give ls a unit step 5 times

-2 + - 2 + - 2 + - 2 + - 2 = - 10

Using direct multiplication :

-2 * 5 = - 10 as it means - 2 in 5 places ; similarly, scoring - 2 five times will give - 10

Also note :

Either - 2 * 5 or - 5 * 2 is the same due to commutativity property of multiplication

4 0
3 years ago
PLEASE HELPPP!!!
Artemon [7]

Answer: A

Step-by-step explanation: pretty sure lol

3 0
3 years ago
HELPPP PLEASEEE! I tried everything from adding to dividing, subtracting, multiplying but still no correct answer. Can someone h
Vika [28.1K]
36 jersey with green
7 0
3 years ago
An arithmetic sequence has first term a = 5 and common difference d = 4. how many terms of this sequence must be added to get 41
Stels [109]
Given that in arithmetic sequence a=5 and common difference, d=4. Thus the number of terms of this sequence that must be added to attain 4185 will be found as follows:
the explicit formula for arithmetic sequence is given by:
sn=n/2(2a+(n-1)d)
where n is the number of terms:
thus plugging in the values we get:
4185=n/2(2*5+(n-1)4)
solving for n we get:
8370=(10+4n-4)
8370=(6+4n)
4n=8364
n=8364/4
n=2091
thus the number of terms will be:
2091
  
3 0
3 years ago
Read 2 more answers
At the end of the summer a store marks down the outdoor furniture 8% a family bought 4 chairs in June at 35$ each then 2 more ch
frosja888 [35]

Answer:

$204.4

Step-by-step explanation:

The four chairs bought in June cost $35 each, all together $140. Then they bought 2 more chairs on sale for 8% off of $35 each or 92% of $35 which is $32.2 each, all together $64.4. Both buy's together would then equal $204.4

7 0
3 years ago
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