Answer:
173.80 interest, 4518.80 total
Step-by-step explanation:
4345 X .03(3%)=130.35/year
130.35/12=10.8625/month
10.8625 x 16 months = 173.80 interest over 16 months
4345+173.80=4518.80 total amount
In order to reduce ANY fraction to lowest terms, find any common factors
of the numerator and denominator, and divide them both by it. If they still
have a common factor, then divide them by it again. Eventually, they won't
have any common factor except ' 1 ', and then you'll know that the fraction is
in lowest terms.
Do 15 and 40 have any common factors ?
Let's see . . .
The factors of 15 are 1, 3, <em>5</em>, and 15 .
The factors of 40 are 1, 2, 4,<em> 5</em>, 8, 10, 20, and 40 .
Ah hah ! Do you see that ' <em>5</em> ' on both lists ? That's a common factor.
So 15/40 is NOT in lowest terms.
Divide the numerator and denominator both by 5 :
15 / 40 =<em> 3 / 8</em>
3 and 8 don't have any common factor except ' 1 '.
So 3/8 is the same number as 15/40, but in lowest terms.
The flat screen TV that is marked up by 30% and 20% discount had a profit of $60 after being sold.
The mark up percentage is given by:
Mark up percentage = (selling price - cost price)/cost price
Since the original price is $1500, hence:
30% = (selling price - 1500)/1500
0.3 = (selling price - 1500)/1500
(selling price - 1500) = 450
Selling price = $1950
It was again sold at a discount of 20%:
Final selling price= 1950 - 20% of 1950 = 1560
Profit = 1560 - 1500 = $60
Hence $60 profit was made by the store for the sale of a flat screen TV.
Find out more at: brainly.com/question/15699405
See attachment for math work and answer.
