The total interest is =$875.76
The ending balance due = $19075.76
<h3>Calculation of interest using US rule</h3>
The US rule states that the year will be calculated in 360 days and not 365
- At day 70 the interest= 26,000 × 0.09 × 70/360
= 163,800/360
= $455
He owes $26,000+$455 = $26,455 but he pays $2,900 leaving him with a depth of $23,555 at day 70.
- At day 107: another 37 days has passed, therefore interest = $23,555 × 0.09× 37/360
= 78438.15/360
=$217.88
So at this time he owes $23772.88, but pays off $4900 leaving with a balance on day 107 of $18872.88
It will be another 43 days till the note is due, therefore the interest that would the generated the remaining days =
$18872.88×0.09×43/360
= 73038.0456/360
= $202.88
Therefore at day 150 he is owing $18872.88 + $202.88 = $19075.76 ( ending balance due)
The total interest generated;
= $455+$217.88+$202.88
= $875.76
Learn more about simple interest here:
brainly.com/question/20690803
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Answer:
you pay $69.74
Step-by-step explanation:
total cost without coupon: 15+65+14 = 94
apply the 30% discount ⇒ 94 × .30 = 28.20
subtract the savings ⇒ 94.00 - 28.20
total, after coupon, before tax ⇒ 65.80
apply 6% tax to 65.80 ⇒ 65.8 × .06 ⇒ 3.94
add tax to cost after coupon ⇒ 65.80 + 3.94
you pay $69.74
Answer:
y = 10x - 5
Explanation:
The equation of the line has the general formula:
y = mx + c
where:
m is the slope = 10
c is the y-intercept = -5
Substitute with the givens in the above formula to get the equation as follows:
y = mx + c
y = 10x + (-5)
y = 10x - 5
Hope this helps :)
Answer:
40- 40
Step-by-step explanation:
hope this helps.