Which of the following angles are supplementary to _1? Plsss Help
2 answers:
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The actual amount that should be credited is $757.58.
<u>Solution:</u>
Given that,
2% Discount if paid in 10 days.
1% Discount if paid in 15 days, (but greater that 10 days)
Net due in 60 days.
That is,
will close the acount on days 1-10
will close the acount on days 11-15
And August 8 is Day 15 and falls under the 1% discount rule.
Therefore, we have to divide the partial payment by the complement of the discount rate.
from the balance, and
is due by day 60.
from 2007 to 2012 is only 5 years, so we can see this as a compound interest with a rate of 1.2% per annum for 5 years, so
.
.
.
Hope this helps.