Answer:
$23,500
Explanation:
Net income is arrived at by deducting relevant expenses for the year from the gross income for the year. In this question, sales income is used to represent gross income. The net income can therefore be calculated as follows:
Net Income = Sales income - Expenses other than rent and interest - Rent - Interest 
Net Income = $66,000 - $40,000 - [$45,000 × (1/18)] - 0
                     = $66,000 - $40,000 - $2,500 - 0
                     = $23,500
Therefore, net income is Yolanda's net income $23,500.
Note that [$45,000 × (1/18)] is used to calculate rent for only one which is December of the calendar year since the rent was paid for 18 months.
 
        
             
        
        
        
Answer:
$1100 
Explanation:
Compound Interest is a multiplying effect interest , in which interest for each successive period  is calculated on (Principal + Interest) of each preceeding period . 
Formula :  A = P(1+r/n) power 'nt  .
 r = Interest rate , t = time , n = compound in time 't' , P = Principal 
A = 1000 (1+10/1) power'(1X1) = 1000 X 11 power 1' = 1000 X 11 = 1100 
 
        
             
        
        
        
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