Finding area and perimeter of parallelograms and triangles
1 answer:
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Answer:
The 40% marked up price of refrigerator is $1260.
Step-by-step explanation:
The cost price of the refrigerator = $900
Now, the mark up should be 40%
Calculating the markup on the cost price , we get
40 % of $900 =
or, 40 % mark up = $360
Now, the Marked up cost = Cost Price + Marked up Price
= $900 + $360 = $1260
Hence, the 40% marked up price of refrigerator is $1260.
Answer:
APY = 0.04 or 4%
Step-by-step explanation:
Given the annual percentage rate of 3.5% that is compounded quarterly, and a principal of $6,500:
We can use the following formula to solve for the annual percentage yield (APY):
where <em>r</em> = interest rate = 3.5% or 0.035
<em> n</em> = number of compounding periods per year = 4
We can plug in the values into the equation:
APY = 1.03546 - 1
APY = 0.04 or 4%