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
Svetllana [295]
3 years ago
6

Leona purchased a $1,000 bond having a quoted price of 99.875. She had to pay a 5.5% brokerage fee (of the selling price). What

was the total cost of the bond (to the nearest whole cent)?
$943.82
$1,064.44
$534.77
$2,054.22
None of these choices are correct.
Mathematics
1 answer:
Ede4ka [16]3 years ago
3 0

Answer:

None of these choices are correct.

Step-by-step explanation:

The quoted value of 99.875, means that this bond is sold at 99.875%  of the face value and not at a price of  $99.875.

Therefore, calculate price;

Price = 0.99875 * 1000

Price = $998.75

Since brokerage fees is 5.5% of the selling price, Leona will pay additional cost to the quoted price making the total cost to be more than $998.75;

Brokerage fees = (0.055*998.75) = $54.93

Total cost = $998.75 +$54.93

= $1053.68

Therefore, none of the choices is correct.

You might be interested in
There are 2000 pounds in a ton how can you write 2000 with and exponent
Makovka662 [10]
In scientific notation, it would be 2x10^3.
An easy trick to help remember when it is a multiple of 10 is that you do the numbers that aren't zero (2) times 10 and the exponent is how ever many zeros there are after the other numbers (3).
3 0
3 years ago
Read 2 more answers
D/dx [tan^-1 (x)] find the derivative
Eva8 [605]
From my notes I’ve the derivative of arctan(x)= 1/(1+x^2)
7 0
3 years ago
. A salesman sold 300 bags of maize to a retailer at Kshs .2000 each .He was given a commission of 3%.The salesman allowed a dis
nalin [4]

Answer:

The discount allowed per bag is kshs 4

while the discount allowed on all the 300 bags is kshs 1,200

Step-by-step explanation:

Here, we are interested in calculating the discount allowed on the sales of the bag of maize.

From the question, we are told that the sales man allowed a discount of 0.2% on the maize sold.

Now, to find the amount of this, we proceed as follows;

What we simply need to do is to find 0.2% of the each of the price of the maize bags, and then we can proceed to find the total discount given on all maize bags sold.

The discount on each bag of maize would be;

0.2% of kshs 2000

That would be;

0.2/100 * 2,000 = 400/100 = kshs 4

Since there are 300 bags, the total amount of discount allowed is 300 * kshs 4 = kshs 1,200

8 0
3 years ago
What is the slope of any line that is perpendicular to the line = y - 5 = 3/2 * (x + 1)
klio [65]

Answer:

-2/3

Step-by-step explanation:

6 0
2 years ago
To estimate the mean score μ of those who took the Medical College Admission Test on your campus, you will obtain the scores of
chubhunter [2.5K]
<span>Standard deviation for mean of n objects = (square root n) x s.d. for one 
object. 

So you need (2.8/0.5)^2 or around 32.</span>
4 0
3 years ago
Other questions:
  • A cookie recipe calls for 7/10 cup of almonds for 6 cookies. How many cups of almonds will you need for 16 cookies?
    7·1 answer
  • A line passers through the point (2,-4) and has a slope of 0, what is the equation of the line?
    12·1 answer
  • Solve for w 6w + 4w - 9 + 6 = 9w - 7+ 6
    14·1 answer
  • Ben buys a car for $50,000. The value of the car decreases at a rate of 4% per year. How much will the car be worth in 3 years?
    9·1 answer
  • Find the perimeter of the figure.
    8·1 answer
  • 3x+5=2x-4 please solve
    11·2 answers
  • Plz plz help me plz plz plzplzplzplz
    15·1 answer
  • Find the lengths of the sides of the triangle if the vertices of EFG are E(-2,-3), F(-2,2) and G(3,2). Find the lengths of FG
    15·1 answer
  • A ball is thrown straight up from the top of a building that is 400 ft high with an initial velocity of 64 ft/s. The height of t
    8·1 answer
  • Jennifer pays $12.50 a month for Amazon Prime and pays extra every time she rents a movie. One month she rented 1 movie and paid
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!