The '2.5/10' part means a 2.5% discount is available if paid within 10 days. (2.5% = 0.025)
Amount of the discount:
($1,500 x 0.025) = $37.50
Amount needed to pay within 10 days is ($1,500 - $37.50) = $1,462.50
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Answer:
The annual rate of interest is 2 %
Step-by-step explanation:
Given as :
The investment amount = $ 3,500
The Interest earn on investment = $ 210
The time period = 3 years
Let The annual interest rate = R
From simple interest method :
Simple Interest =
Or, 210 × 100 = 3500 × R × 3
Or, R =
Or, R = = 2
Hence The annual rate of interest is 2 % Answer
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Answer: is the answer suppose to be a letter or a number ?
Step-by-step explanation:
Answer:
d
Step-by-step explanation: hhhhhhhhhhhhhhhhhhhhhhhhhh
