Answer:
Principal: $6,166.67
Principal: $5,200.00
Explanation:
<u><em>1. $6000 for 50 days at 20% p.a</em></u>
<u><em></em></u>
In 20% pa, pa means "per annum", i.e. "per year".
Assume simple interest:
Interest:
- Interest = Principal × number of days × annual rate / 360
- Interest = $6,000 × 50 × 20% / 360 = $166.67
Principal = principal + interest = $6,000 + $166.67 = $6,166.67
<u><em></em></u>
<u><em>2. $5000 for 5 months at 0.8% per month</em></u>
Assume, again, simple interest.
- interest: 0.80% per month
Interest:
- Interest = Principal × number of months × montly rate
- Interest = $5,000 × 5 × 0.80% = $200.00
Principal = principal + interest = $5,000 + $200.00 = $5,200
You can see that the accrued interests depend on the principal, the interest rate, and the time.
Answer: This one is D.110! ☺️
#7 is 0.04 and it is a terminating decimal
The slope intercept form is y=mx+b so u need the exact expression u can't complete a full equation
