We need to compute the exact number of days of the loan.
Given:
Loan: 1,870
rate: 11%
term: Oct. 5 to Jan 16.
Oct 5-Oct 31: 26 days
Nov: 30 days
Dec: 31 days
Jan 16: 16 days.
total number of days: 103 days.
Interest = Principal * rate * term
Interest = 1870 * 0.11 * 103/365
Interest = 58.05
Given:
Promissory note $5,380
rate 6.2%
term: July 15 to Dec. 28
July 15 - 31 = 16 days
August: 31 days
September: 30 days
October: 31 days:
November: 30 days
December: 28 days
Total number of days is 166 days
Interest = Principal * rate * term
Interest = 5,380 * 0.062 * 166/365
Interest = 151.70
<span>MP3 player is $60
</span><span>The selling price is $105
</span><span>A classmate says that the markup is 175% because $105/$60=1.75 . Is your classmate correct?
No. IT's not correct
Original price $60
Selling price $105
$105 - $60 = $45
So
45/60 x 100 = 75%
Price is markup 75% from $60 to $105</span>
37:prime 65:composite 71:composite 82:composite
I got 4.14 because i multiplied the deviation which is 4.6 by 0.9 and got that answer
