1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lara31 [8.8K]
4 years ago
13

1. The proceeds of a $7,500.00, 10 percent simple discounted note for 85 days is

Mathematics
1 answer:
Simora [160]4 years ago
8 0

Answer:

  it depends (see below)

Step-by-step explanation:

<u>Exact Interest</u>

Exact interest is calculated on the basis of a 365-day year, so the exact interest on the loan would be ...

  I = Prt = $7500·0.10·(85/365) = $174.66

Then the proceeds would be ...

  $7500 -174.66 = $7,325.34 . . . . . matches first option

__

<u>Ordinary Interest</u>

Exact interest is calculated on the basis of a 360-day year, so the ordinary interest on the loan would be ...

  I = Prt = $7500·0.10·(85/360) = $177.08

Then the proceeds would be ...

  $7500 - 177.08 = $7,322.92 . . . . . matches last option

_____

I suggest you check your reference materials (text or course examples) to see what year length is expected to be used in this calculation. Some on-line references show it one way; others show it the other way.

You might be interested in
Which polynomial is in standard form
-Dominant- [34]

Answer:

option 2

Because its power is in the order.

4 0
4 years ago
A company weighs 1,096 boxes of cereal and finds that 12.5% of them weighed less than one pound. Which of
Mice21 [21]

Answer:

137 boxes

Step-by-step explanation:

1096 boxes * 0.125(12.5% of boxes weighing less than a pound) = 137 boxes

8 0
3 years ago
Identify the triangle that contains an acute angle for which the sine and cosine ratios are equal.
algol13

Answer:

i need the diagram

Step-by-step explanation:

plz

3 0
3 years ago
Read 2 more answers
Find any relative extrema of the function. (Round your answers to three decimal places.)
Strike441 [17]

(x) = arcsec(x) − 8x

f'(x) = d/dx( arcsec(x) − 8x )

<span> 1/xsqrt( x^2 - 1) - 8</span>

f'(x) = 0

1/xsqrt( x^2 - 1) - 8 = 0

8 x sqrt (x^2-1) = 1

<span> ( 8 x sqrt (x^2-1) )^2 = 1</span>

64 x^2 ( x^2 - 1) = 1

64 x^4 - 64 x^2 =1

64 x^4 - 64 x^2 - 1 = 0

x = 1.00766 , - 1.00766

<span> x =   - 1.00766</span>

f(- 1.00766) = arcsec(- 1.00766) − 8( - 1.00766)

f( - 1.00766 ) = 11.07949

x = 1.00766

f(1.00766) = arcsec(1.00766) − 8( 1.00766)

f(1.00766 ) = -7.93790

relative maximum (x, y) = (- 1.00766 , 11.07949 ) relative minimum (x, y) = ( 1.00766 , -7.93790  )


8 0
4 years ago
Please answer ASAP, I'm on the clock, please!
klio [65]
<span>Student 2: -9 + (6 + 9) - 42
-9 + (9 + 6) - 42
(-9 + 9) + 6 - 42
0 + 6 - 42
0 + 6 - 16
0 + 6 + (-16)
6 + (-16)
-10</span>


student 2 did

hope this helps

since it is only addition and subtraction, you can mix the orders up, as long as you use the correct sign
8 0
3 years ago
Other questions:
  • The sum of two numbers is 14 and their difference is 4
    10·2 answers
  • I need help ASAP please
    15·1 answer
  • List the sides in order from the smallest to the largest
    5·1 answer
  • NEED HELP ASAP FIND the missing side of the triangle
    14·1 answer
  • Which function is shown in the graph below?
    12·1 answer
  • Help please. Im confused
    9·2 answers
  • Find the cardinal number for the given set.
    12·1 answer
  • Si el cartón de huevos es la unidad, y son 30 huevos, responde:
    11·1 answer
  • Which of the following solutions solves the system?
    8·2 answers
  • May I know the values of x and y of the following equation?<br>(5-3i)(x-yi) = 3(x+2yi)+1-2i​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!