Answer:
Interest would be $15 every 3 years
Step-by-step explanation:
Interest = Principal x Rate x Time
Interest = 100 x 5% x 3
Interest = 5 x 3
Interest = 15
Answer:
log₇t = ln t / ln 7
Step-by-step explanation:
Given:
log₇t
Computation:
We know that
logₐb = log b / log a
So,
log₇t = log t / log 7
= log₇t = ln t / ln 7
Answer:
...
Step-by-step explanation:
Answer:
56.44%
Step-by-step explanation:
From the question, we have the following values
% Discount = 3%
Full allowed payment days = 30 days
Discount days = 10 days
1 year = 365 days
The formula for Effective Annual rate or Annual rate in effect =
Discount %/(1-Discount %) x (365 days/(Full allowed payment days - Discount days))
= 3%/(1 - 3%) × (365 days/30 days - 10 days)
= 0.03/(1 - 0.03) × (365/20)
= 0.03/0.97 × (365/20)
= 0.5644329897
Converting to percentage
0.5644329897 × 100
= 56.44329897%
Approximately = 56.44%
Therefore, the annual rate Heidi, in effect, is paying the supplier if she fails to pay the invoice at the end of the discount period is 56.44%
Try this explanation:
Note, in the 1st row given '9x', in the 2d one - '9(0)', then it means the substitution '0' instead of 'x'. In other words <u>x=0</u> !
answer: x-intercept is '0', y-intercept is '12'
