The actual amount that should be credited is $757.58.
<u>Solution:</u>
Given that,
2% Discount if paid in 10 days.
1% Discount if paid in 15 days, (but greater that 10 days)
Net due in 60 days.
That is,
will close the acount on days 1-10
will close the acount on days 11-15
And August 8 is Day 15 and falls under the 1% discount rule.
Therefore, we have to divide the partial payment by the complement of the discount rate.
from the balance, and
is due by day 60.
Answer:
see explanation
Step-by-step explanation:
To find x use the sine ratio in the right triangle and the exact value
sin60° = , then
sin60° = =
=
( cross- multiply )
x = 28
( divide both sides by
)
x = 28
-----------------------------------------------------------
To find y use the tangent ratio in the right triangle and the exact value
tan60° = , then
tan60° = =
=
( multiply both sides by y )
14 = y
( divide both sides by
)
y = 14