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1 answer:
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Answer:
Each friend will get 18 sea shells.
Step-by-step explanation:
Given:
Rudy has white sea shells = 10
Rudy has pink sea shells = 23
Rudy has brown sea shells = 21
Number of friends = 3
Rudy divides the sea shells into equally between three friends.
We need to find how many sea shells each friend can get.
Now first we find the total number sea shells.
Total number of sea shells = white sea shells + pink sea shells + brown sea shells = 10 + 23 + 21 = 54
Now to find number of sea shell each friend can get we will divide total number of sea shell with number of friends.
number of sea shell each friend can get =
Hence each friend will get 18 sea shells.
First step is to get the average daily balance.
Take the sum of each day's balances.
If a payment has been made, the sign will be negative.
From Days 1 - 5 :
Day 1 = $200
Day 2 = $200
...
Day 5 = $200
That's $200 x 5 days = $1000
From Days 6 - 20 :
Day 6 = $350
Day 7 = $350
...
Days 20 = $350
That's $350 x 15 days = $5250
From Days 21 - 30 :
Day 21 = $150
Day 22 = $150
...
Day 30 = $150
That's $150 x 10 days = $1500
A total of :
$1000 + $5250 + $1500 = $7750
Now divide this total to the number of days to get the ADB or Average Daily Balance.
Next Step is to calculate for the finance charge using the formula :
where ADB is the average daily balance
r is the interest rate per day
d is the number of days or period given
From the problem, APR is 15.5%, it means that we need to divide the APR by 365 days.
So r = 0.155/365 = 0.000425
And we have d = 30 days
The charge will be :
Charge = 258.33 x 0.000425 x 30 = $3.29
The answer is $3.29
