Leona purchased a $1,000 bond having a quoted price of 99.875. She had to pay a 5.5% brokerage fee (of the selling price). What
2 answers:
<u>Answer:</u>
None of these choices are correct.
The total price of the $1000 bond is $105.37 (rounded to nearest cent)
<u>Explanation:</u>
Give the selling price of a $1000 bond = $99.875
According to question, Brokerage fee = 5.5% of $99.875
Total Cost of the bond is calculated by the formula,
Total Cost = The selling Price + Brokerage Fee
Total Cost = $99.875 + $5.493
Therefore Total cost =$ 105.368
or, the total price of the $1000 bond is $105.37 (rounded to nearest cent)
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Answer:
8
Step-by-step explanation:
0) the basic formula is: L=v*t, where L - distance, v - speed/velocity; t - time;
1) if the person's speed in still water is 'v' and the speed of water is 5 (according to the condition), then the upstream speed is 'v-5' and the downstream speed is 'v+5';
2) according to the condition the upstream time and the downstream time are the same, it means t₁=t₂=t, where t₁=upstream time and t₂=downstream time;
3) according to the items above it is possible to make up the equation of the upstream travel: t(v-5)=3; ⇒ t=3/(v-5);
4) according to the items above it is possible to make up the equation of the downstream travel: t(v+5)=13; ⇒ t=13/(v+5);
5) if t=3/(v-5) and t=13/(v+5), then