Answer:
56.44%
Step-by-step explanation:
From the question, we have the following values
% Discount = 3%
Full allowed payment days = 30 days
Discount days = 10 days
1 year = 365 days
The formula for Effective Annual rate or Annual rate in effect =
Discount %/(1-Discount %) x (365 days/(Full allowed payment days - Discount days))
= 3%/(1 - 3%) × (365 days/30 days - 10 days)
= 0.03/(1 - 0.03) × (365/20)
= 0.03/0.97 × (365/20)
= 0.5644329897
Converting to percentage
0.5644329897 × 100
= 56.44329897%
Approximately = 56.44%
Therefore, the annual rate Heidi, in effect, is paying the supplier if she fails to pay the invoice at the end of the discount period is 56.44%
You can use the trigonometric identity
.
The requirement that
eliminates -1/6 from being another solution.
The equation x=2t-1 represent the x-coordinate. To get the value of x, substitute t with -1.
That is: x = 2(-1) - 1
= -2-1
= -3
Likewise, the equation y=t∧-3 represent the y-coordinate. Substituting t with -1,
y = (-1)∧-3
= -1
The point that correspond to t=-1 is (-3,-1).
Answer:
Sanchez- 42
Louis- 40
Step-by-step explanation:
hope this helps
