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Vilka [71]
2 years ago
14

kya clark borrowed 7500 ay 6%ordinary interest for 180 days after 40 days she made a partial payemnt of 2500 after another 70 da

ys kya made a second partial payment of 3000 using the U.S rule what is the final amount due?
Business
1 answer:
mr Goodwill [35]2 years ago
4 0

Answer:

$2,133.52

Explanation:

lets try to put some dates into the question:

Kya borrowed $7,500 on June 1.

On July 10, she made a partial payment of $2,500. The loan's balance on July 10 was $7,500 + [$7,500 x 6% x 40/360 (remember ordinary interest is 360 days)] = $7,550 - $2,500 = $5,050

On September 18, Kya made a second payment of $3,000. The loan's balance before the payment = $5,050 + ($5,050 x 6% x 70/360) = $5,108.92 - $3,000 = $2,108.92

On November 27 when her loan is due, she will need to pay $2,108.92 + ($2,108.92 x 6% x 70/360) = $2,133.52

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3 years ago
Everdeen Inc. has a 90-day operating cycle. If its average age of inventory is 35 days, how long is its average collection perio
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Answer:

8.6 days

Explanation:

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3 years ago
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Answer:

A, supplementary

Explanation:

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4 0
3 years ago
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kobusy [5.1K]

Answer:

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On the long-run average cost (LRAC) curve, a natural monopoly exists when the quantity demanded is less than the minimum quantity that is required to be at the bottom of the LRAC curve.

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