1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kipish [7]
3 years ago
12

A firm buys 12 file cabinets at $140 each, with payment in full due in 90 days. How much must the firm deposit now to have enoug

h to pay the bill if money is worth 3% simple interest per year? Use 360 days in a year.
Mathematics
1 answer:
anyanavicka [17]3 years ago
3 0

Answer:

firm deposit  is $1667.50

Step-by-step explanation:

given data

buys 12 file = $140

time = 90 days

interest = 3%

solution

we get here return on money over 90 day period  is  

we know Return on 360 days = 3%

return on money over 90 day = 3% ÷ 4  = 0.75%

we consider here required amount = x

so

$140 × 12 = x (1+0.0075)

x  =  \frac{1680}{1+0.0075}

x = 1667.50

so firm deposit  is $1667.50

You might be interested in
I REALLY NEED HELP
garri49 [273]
Look at the picture.

1.
y=mx+b\\\\m=\dfrac{9}{3}=3\\\\b=4\\\\\boxed{f(x)=3x+4}

2.
f(x)=-2x+3\\\\for\ x=-2\to f(-2)=-2\cdot(-2)+3=4+3=7\to(-2;\ 7)\\for\ x=-1\to f(-1)=-2\cdot(-1)+3=2+3=5\to(-1;\ 5)\\for\ x=0\to f(0)=-2\cdot0+3=3\to(0;\ 3)\\for\ x=1\to f(1)=-2\cdot1+3=-2+3=1\to(1;\ 1)

3.
y=mx+b\\\\m=\dfrac{3}{6}=\dfrac{1}{2}=0.5\\\\b=-3\\\\\boxed{f(x)=0.5x-3}
for\ x=-6\to f(-6)=-6\\for\ x=-2\to f(-2)=-4\\for\ x=0\to f(0)=-3\\for\ x=6\to f(6)=0

4 0
3 years ago
How is good at statics to help me? Plz
IgorC [24]

Answer:

Overall, if it is a major you can do well and enjoy yourself in, yes, statistics is a great major. Combine it with other majors like finance or economics or research-oriented disciplines like psychology, it'll be really good training for you. If you can't do it, do a minor. If you can't, take some electives.

Step-by-step explanation:

8 0
3 years ago
How do you write 84,052 in word form
Svetach [21]
It would be, Eighty-four thousand, and fifty two

7 0
3 years ago
I don't understand what the question is asking?
lana66690 [7]
OK for this question you need to find out how many more post are needed. If you look at the diagram it shows that one side is 50 feet.  Now there are two sides that will need post, because the barn side need no more.  Now if there are two side both 50 feet, and you need a post every ten feet. How many posts are needed? 

5 0
3 years ago
Read 2 more answers
Write 800+60+4 in standard form
NNADVOKAT [17]
864=800+60+4 800 in the hundreds place 60 in the tens place and 4 in the ones place

5 0
3 years ago
Other questions:
  • What is the greatest common factor of 8x and 40
    7·1 answer
  • What expression is equal to 6x-8/4
    10·2 answers
  • 0.2x + 0.8 = 9.6 find x<br><br> Please and thank you.
    9·2 answers
  • -10 divided by 7 1/5
    12·1 answer
  • A motorbike uses petrol and oil mixed in the ratio 13:2
    11·1 answer
  • 14 =root 121√√...........​
    13·1 answer
  • Please help with number 14!
    13·1 answer
  • Help... with.... Algebra..... PLEASE
    14·2 answers
  • G.O and his neighbors clear a rectangle area 8 1/2 feet by 6 1/4 feet to plant shrubs. Now they have to decide how many shrubs t
    9·2 answers
  • Write the equation of the line with x-intercept -2 and y-intercept -1 in slope-intercept form
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!