The total interest cost to Bette is $145.89
What is exact interest basis?
Exact interest means that the interest is computed on 365-day per year basis rather than a 360-day per year basis, which is the case with financial institutions.
The first task in this case is to determine the number of days from May 19, when the amount was borrowed till October 8, when loan repayment was effected.
There are 142 days between the two dates, hence, we can compute exact interest on the loan as shown by the below formula:
exact interest=loan principal*number of days the borrowing last/365days *interest rate
loan principal=$3000
number of days the borrowing last=142
interest rate=12.5%(1/2%=0.5%)
Exact interest=$3000*142/365*12.5%
Exact interest=$145.89
The amount would have been different if ordinary interest where the number of days in a year is deemed to be 360, was used instead
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Answer:
D. 4.3×1015
Step-by-step explanation:
multiple 8.6×1015=8729 and multiple 4.3×1012=4351.6 and subtract the two answers to get 4377.4 and D. was the closest
you try multiplying all the answer choices till you get close to the answer
the length is 24
Area of a rectangle, A = L * W
A = 96, W = 4, plug those in solve for L
96 = 4L, divide 4 to both sides
96/4 = L or 24 = L
9 plus How many sides nine times
Answer:
Step-by-step explanation:
The value of the function f(x) at x=a can be determined by substituting a instead of x into the function expression.
1. When x=-1, then
f(-1)=2\cdot (-1)^3-3\cdot (-1)^2+7=-2-3+7=2.
2. When x=1, then
f(1)=2\cdot 1^3-3\cdot 1^2+7=2-3+7=6.
3. When x=2, then
f(-1)=2\cdot 2^3-3\cdot 2^2+7=16-12+7=11.
