The formula is
I=prt
I interest paid 1120
p principle 32000
T time 4/12
R annual percentage interest rate?
Solve for r
R=I÷pt
R=1,120÷(32,000×(4÷12))
R=0.105×100
R=10.5%
Answer: Inform Sergio so he can sue the seller.
Explanation: when a fraudulent seller causes Hilda not to be given commission she earned from her last transaction, the best course of action is to let her broker, Sergio know of the fraudulent seller so he can be sued to court.
Sellers are required by law to make accurate disclosures regarding properties they sell. Failing that, they can be sued for fraud, this helps entitle the broker bringing a suit in civil law against the fraudulent seller to attorney’s fees and punitive damages.
<span>332.7 million gallons.
First calculate the percentage increase in price of gasoline.
0.40 / 2.80 = 0.142857 = 14.2857%
Now divide by the 10% to get the number of multiples of 10% the price increased by
14.2857% / 10% = 1.42857
Now multiply that by the percent decrease in demand
1.42857 * 2.30% = 3.29%
So it looks like there will be a 3.29% decrease in demand due to the higher price. So calculate the expected amount of gasoline demand.
344 * (100% - 3.29%) = 344 * (96.71%) = 344 * 0.9671 = 332.7
So the expected demand after a price increase of 40 cents per gallon is 332.7 million gallons.</span>
