Answer:
975÷1500=0.65
0.65×100%=65%
100%-65%= 35%
The answer is 35% discount
Answer:
$700
Step-by-step explanation:
If he made a loss of 15%, then it means that selling price is 85% of the cost price.
If the cost price is x, then we have;
0.85x = 595
x = 595/0.85
x = $700
The current yield of the bond is 9.27%.
What is current yield?
Current yield is the bond rate of return computed as the annual coupon divided by the current price of the bond
The annual coupon is the coupon rate of 10% multiplied by the bond's par value of 100
annual coupon=10%*100
annual coupon=10
current bond price=107.87
current yield=annual coupon/current bond price
current yield=10/107.87
current yield=9.27%
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Answer: The value of g is 1
Step-by-step explanation:
To solve for g in the algebraic expression below: collect like terms
-3+5+6g=11-3g
2 + 6g = 11 - 3g
Let the whole algebraic expression equal zero by moving 11 -3g to left hand side while the minus sign becomes plus sign '+' since it crossed the equality sign '=')
Thus, 2 + 6g - 11 + 3g = 0
collect like terms again
2 - 11 + 6g + 3g = 0
-9 + 9g = 0
-9 = -9g
Divide both sides by -9
-9/-9 = -9g/-9
1 = g
Thus, the value of g is 1
