Answer:
£ 114
Step-by-step explanation:
From the question given above, the following data were obtained:
Price of TV = £ 1200
VAT = 20%
Amount paid = £ 300
Amount paid monthly =.?
Next, we shall determine the VAT. This can be obtained as follow:
VAT = 20% of price of TV
VAT = 20/100 × 1200
VAT = £ 240
Next, we shall determine the total cost of the TV. This can be obtained as follow:
Price of TV = £ 1200
VAT = £ 240
Total cost of TV =?
Total cost = Price + VAT
Total cost = 1200 + 240
Total cost = £ 1440
Next, we shall determine the balance amount he needs to pay. This can be obtained as follow:
Total cost = £ 1440
Amount paid = £ 300
Balance amount =?
Balance = Total cost – Amount paid
Balance = 1440 – 300
Balance = £ 1140
Finally, we shall determine the amount Harry will pay month.
Balance Amount = £ 1140
Number of months = 10
Amount paid monthly =.?
Amount paid monthly = Balance / number of month
Amount paid monthly = 1140 / 10
Amount paid monthly = £ 114
Therefore, Harry will pay £ 114 monthly.
we use the interest formula. 4000*1.03^11=1.38423387*4000=5536.93548, or 5536.94.
The answer is probably 590,000 because isn't it subtraction
Answer:
the rate of inflation is 2%.
Step-by-step explanation:
given:
Nominal interest rate =3%
Real interest rate=1%
To Find:
Rate of inflation=?
Solution:
Nominal interest rate:
Nominal interest rate refers to the interest rate before taking inflation into account.
Inflation rate:
The inflation rate is the percent increase or decrease in prices during a specified period. It's usually over a month or a year.
Real interest rate:
A real interest rate is an interest rate that has been adjusted to remove the effects of inflation to reflect the real cost of funds to the borrower and the real yield to the lender or to an investor.
Real interest rate ≈ nominal interest rate − inflation rate.
This can be re written as
inflation rate= Real interest rate - nominal interest rate
Substituting the values,
inflation interest = 1+3
inflation interest=4%
i hope this helpsss<3
:)
if u didnt undersstand make sure to tell me so i can try to say it again
It travels 140 miles per 1 hour
