If a Customer places an order for $47.36 and it’s late, then how much would the customer be refunded if the refund is 20% on the
1 answer:
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Answer:
Step-by-step explanation:
Alright, lets get started.
Principal amount Joshua borrowed, P = $ 25000
rate of interest, r = 1.5 %
time, t = 2 years
simple interest =
simple interest =
Means $ 750 will be the interest of Joshua's loan.
So, Joshua needs to repay the SBA =
Hence, Joshua will repay $ 25750 to SBA after two years. : Answer
Hope it will help :)
Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>The future value of the annuity due is $66,184.15.
<h3>b)</h3>The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
Refer to the attached image. Since one vertex is the origin and the other two lay on the coordinate axes, the triangle is a right triangle. This means that, if we consider AB to the be base, AC is his height, and vice versa.
Anyway, it means that the area is given by
Since AB is a horizontal segment and AC is a vertical segment, their length is given by the absolute difference of the non-constant coordinate: points A and B share the same x coordinate, so we subtract the y coordinates:
The opposite goes for AC: points A and C share the same y coordinate, so we subtract the x coordinates:
So, the area is
