Answer:
Step-by-step explanation:
rate = 3.5% per month
A) Six days later the bank calculated the daily interest.
so, time = 6 days
= 6 / 30 = 1/5 month
simple interest
=35%
B) For $5000, t = 1 month
For $2000, t = 20 / 30 = 2/3 month
For $8000, t = 16/30 months
Simple interest for $5000
$175
Simple interest for $2000
=$46.67
Simple interest for $8000
=$149.33
Total amount in account at the end of 30 days is
= $5000 + $175 + $2000 + $46.67 + $8000 + $149.33
= $15371
Answer:
1577.8 US dollars are received for 1127 UK pounds.
5669.5 UK pounds are received for US$7937.3.
Step-by-step explanation:
The questions are solved by proportions, using a rule of three.
How many US dollars are received for 1127 UK pounds?
1 UK pound = 1.4 US dollars
1127 UK pounds - x US dollars
Applying cross multiplication:
1577.8 US dollars are received for 1127 UK pounds.
How many UK pounds are received for US$7937.3?
1 UK pound = 1.4 US dollars
x UK pounds - 7937.3 US dollars
5669.5 UK pounds are received for US$7937.3.