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drek231 [11]
4 years ago
10

What is 2% of 300 round to the nearest 100th​

Mathematics
1 answer:
sukhopar [10]4 years ago
7 0
2% of 300 would be 6 and 6 rounded to the nearest 100th is 6.00
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fenix001 [56]

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3 0
3 years ago
Read 2 more answers
Big Brothers, Inc. borrows $267,999 from the bank at 18.16 percent per year, compounded annually, to purchase new machinery. Thi
Katyanochek1 [597]

Based on the amount borrowed and the interest per year, Big Brothers, Inc will pay an annual payment of $59,973.15.

<h3>How much will Big Brothers, Inc. pay annually?</h3>

This can be found by using the present value of an annuity formula because the annual payment will be constant and therefore like an annuity.

Formula is:

Present value of annuity = Annual payment x ( 1 - (1 + rate) ^ -number of periods) / rate

Solving gives:

267,999 = Amount x ( 1 - ( 1 + 18.16%)⁻¹⁰) / 18.16%

267,999 = Amount x 4.46865

Amount = 267,999 / 4.46865

= $59,973.15

Find out more on loan present value at brainly.com/question/15088278.

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6 0
2 years ago
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