The calculation uses the accumulated daily balance method (ADB).
We assume the statement is based on calendar month (rare!).
George owes $500 from beginning to end of June, so 30 days out of 30.
Interest accrued is 500*0.013*30/30=$6.50.
He also owes $2000 from June 12 to June 30, so 19 days inclusively.
Interest accrued is $2000*.013*(19/30)=16.47
Total interest at the end of the month=$6.50+$16.47=$22.97
Find the attachments for solution and explanation
I will show you how to do the first one.....we are finding the GCF...the largest number that goes into each number (same for variables)
1.) 20yx , 80x³ ( factor each number and variable)
20 = 2, 4, 5, 10, 20
y = y
x = x
80 = 2, 4, 5, 8, 10, 16, 20, 40, 80
x³ = x, x, x
what is the largest number that 20 and 80 have in common? 20...
how about the variables? x
so, the Greatest Common Factor (GCF is 20x)
