Answer:
Step-by-step explanation:
rate = 3.5% per month
A) Six days later the bank calculated the daily interest.
so, time = 6 days
= 6 / 30 = 1/5 month
simple interest
=35%
B) For $5000, t = 1 month
For $2000, t = 20 / 30 = 2/3 month
For $8000, t = 16/30 months
Simple interest for $5000
$175
Simple interest for $2000
=$46.67
Simple interest for $8000
=$149.33
Total amount in account at the end of 30 days is
= $5000 + $175 + $2000 + $46.67 + $8000 + $149.33
= $15371
Answer:
The answer is below
Step-by-step explanation:
a) Cost of hiring the bicycle for 14 days is:
Cost = 65 * 14 days + 44 = 954 riyals
b) The number of days the bicycle is hired is to be the same as the number of days the bicycle is to be hired. Let us assume that the bicycle and helmet is to be hired for x days, hence:
Cost of bicycle = 65 * x + 14 = 65x + 44
Cost of helmet = 12.5 * x = 12.5x
Total cost = 65x + 44 + 12.5x = 77.5x + 44
Since 750 riyals is available, hence:
750 = 77.5x + 44
77.5x = 706
x = 9.11
Therefore the maximum number of days is 11. The total cost for 11 days is:
Total cost = 77.5(9) + 44 = 741.5 riyals
Money not spent = 750 riyals - 741.5 riyals = 8.5 riyals
