Answer:
interest paid or computed on the original principal only of a loan or on the amount of an account.
Step-by-step explanation:
The answer to these two questions are not the same. We don't agree with Noah.
Reason:
Let's start with the first question.
1. Given: rate = 10% increase, base/original number = 550 bison
10% of 550 is:

10% of 550 is 55. Hence, there is an increase of 55 bison this year. This year, there are 550 + 55 = 605 bison in the herd.
2. Given: rate = 10% decrease, percentage/final number = 550 bison
Applying the concept of Percentage = Base x Rate, we can get the Base or the original number of bison before the decrease by dividing Percentage over Rate.

Filling in the formula with the given values in question 2, we have:

Last year, there were 611 bison.
As we can see, the answer for number 1 is 605 bison while the answer for the number 2 is 611 bison. The answer of the two questions are not the same.
Answer:7.) C 8.) A
Step-by-step explanation:
Answer:
she need to pay is $550.40
Step-by-step explanation:
given data
interest = 4.2 % compounded quarterly = 0.042 / 4 = 0.0105
future value = $7000
time = 3 year = 3 × 4 = 12 months
to find out
How much money she need to pay
solution
we will apply here formula for future value for compound quarterly
that is
future value = principal ×
.............1
put here all these value
future value = principal ×
7000 = principal ×
principal = 550.40
so she need to pay is $550.40