Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
The inequality would start out looking like this:
Now it's just a matter of solving the inequalities simultaneously. Get rid of the fraction by multiplying everything by 9:
Then distribute the 5 into the parenthesis:
Now add 160 everywhere:
and finally divide everything by 5:
-22<F<266
26: <span>-90 / 5 = -18
25: </span><span>-2 / 5 = -0.4
24: </span><span>-5 / 5 = -1</span>
79.8 is the discount of the price of an armchair that originally cost $266.00......... because 266.00÷30%=79.8
Answer: $12,916.70
Step-by-step explanation:
Given the following:
Invoice received :
Bedroom set = 5
Cost per set = $3,000
Chain discount = 5/8/3
Freight cost = $200
If Mel pays within the discount period:
Chain discount given = 5/8/3
Therefore, net equivalent price rate equals:
(1 - 0.05) × (1 - 0.08) × (1 - 0.03) =
0.95 × 0.92 × 0.97 = 0.84778
Net price = total cost × 0.84778
($3000 × 5) × 0.84778
$15000 × 0.84778 = $12,716.7
Net equivalent price + FOB Shipping
$12,716.7 + $200 = $12,916.70
