What is a verbal expression for w-24
1 answer:
You might be interested in
The total amount of interest will Gertrude pay by the time the subsidized Stafford loan is repaid is $2094.80.
<h3>What is compound interest?</h3>Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.
The formula for the final amount with the compound interest formula can be given as,
Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate<em> r </em>of in the time period of <em>t.</em>
Gertrude will graduate four years after taking out the loan. if the loan has an interest rate of 6.8%, compounded monthly, and Gertrude makes monthly payments.
Put the values in the above formula as,
In the 10 years, the refund she gets,
Interest paid by her is,
Thus, the total amount of interest will Gertrude pay by the time the subsidized Stafford loan is repaid is $2094.80.
Learn more about the compound interest here;
Answer:
Selling price of hockey game set is $145.32 , markup price is $210.54 and profit is $96 .
Step-by-step explanation:
Let us assume that the selling price of hockey game set be x .
As given
Pyotr Tchaikovsky Sporting Goods operates on a 45% overhead based on the selling price, which results in an overhead of $65.34 on the newest version of an air hockey game set.
45% is written in the decimal form .
= 0.45
Thus the equation becomes
0.45 × x = 65.34
0.45x = 65.34
x = 145.2
Therefore the selling price of the hockey game set is $145.2 .
Thus
Markup price = Selling price + Overhead Price
= $145.2 + $65.34
= $ 210.54
As given
If the air hockey game set costs Pyotr Tchaikovsky Sports $49.32 .
i.e Cost price of the hockey game set = $ 49.32
Profit = Selling price - Cost price
= 145.32 - 49.32
= $ 96
Therefore selling price of hockey game set is $145.32 , markup price is $210.54 and profit is $96 .