The calculation uses the accumulated daily balance method (ADB).
We assume the statement is based on calendar month (rare!).
George owes $500 from beginning to end of June, so 30 days out of 30.
Interest accrued is 500*0.013*30/30=$6.50.
He also owes $2000 from June 12 to June 30, so 19 days inclusively.
Interest accrued is $2000*.013*(19/30)=16.47
Total interest at the end of the month=$6.50+$16.47=$22.97
Answer:
1. 11/4
2. 19 1/4
Step-by-step explanation:
To change into an improper fraction:
((2 times 4)+3)/4
=11/4
To calculate total distance:
(11/4) times 7
=77/4
=19 1/4
Answer:
30 students
Step-by-step explanation:
80% of N = 24 where N is the total number of students
So
.80 N = 24
N = 24 / .80 = 30
sorry this was a late response
2(5n-2)=4(n+2)
10n-4=4n+8
6n-4=8
6n=12
n=2
Answer:
3n = 3 - 3n
<=>
6n = 3
<=>
n = 2
=> This equation has one solution.
