Part 1
Total paid
=cost of the bond+commission
Total paid
32×96.7+32×10=3,414.4
Part 2
Annual interest
32×96.7
=3,094.4
3,094.4×0.08625
=266.892...Annual interest
Part 3
The effective interest rate
((1+0.08625÷12)^(12)−1)×100
=8.974%
Answer:
7.5 years
Step-by-step explanation:
P = $5000,
R = 4.25%,
A = $6593.75,
N =?
SI = A - P = 6593.75 - 5000 =$1593. 75
Answer:
30%
Step-by-step explanation:
A percent can be found by dividing the part by the whole, or
part/whole
In this case, the part is the amount he spent on fruit. The whole is the total amount he spent.
amount spent on fruit/ total amount spent
He spent $18 on fruit, and $60 in total.
$18/ $60
Divide 18 by 60
18/60
0.3
Convert 0.3 to a decimal by multiplying by 100 or moving the deicaml place two spots to the right.
0.3*100=30
0.3--> 3.0 --> 30
30%
He spent 30% on fruit.