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stiks02 [169]
3 years ago
5

Margo borrows $600, agreeing to pay it back with 4% annual interest after 18 months. How much interest will she pay?

Mathematics
1 answer:
Nastasia [14]3 years ago
3 0
To find the simple interest, we multiply 600 × 0.04 × 1.5 to get that:

The interest is: $36.00
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Credit sales are collected as follows:65 percent in the month of the sale.25 percent in the month after the sale.10 percent in t
Vitek1552 [10]

Answer:

Step-by-step explanation:

a) November sales = (Total Uncollected Sales - Uncollected Sales from December) / Collection rate after two months

= ($121,100 - $87,300) / 0.20

November sales = $169, 000.00

b) December sales = Uncollected sales from December / Collection rate of the previous month sales,

Therefore: December sales = $87,300 / 0.45 = $194,000

December sales = $194,000.00

c) Each month's collection for the company are:

Collections for ech month = 0.20(Sales from 2 months ago) + 0.25(Last month's sales) + 0.55 (Current sales)

January collections = 0.20($169000.00) + 0.25($194,000.00) + 0.55($132,000)

January collections = $154,900.00

February collections = 0.20($194,000.00) + 0.25($132,000) + 0.55($149,000)

February collections = $153,750.00

March collections = 0.20($132,000) + 0.25($149,000) + 0.55($164,000)

March collections = $153,850.00

4 0
3 years ago
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OlgaM077 [116]

Answer:

Step-by-step explanation:

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5 0
3 years ago
Using the situation below, how much would it cost to visit the museum eleven times over one month? The art museum charges an ini
Crank

Answer: Children’s Museum $150-$350 per sq. ft. Art Museum Exhibition $75-$200 per sq. ft. (Does not include cost of Art)

Step-by-step explanation:

5 0
3 years ago
10 + 2n = 8n - 2n + 10
galina1969 [7]

Answer:

n=0

Step-by-step explanation:

Rearrange

10+2=8−2+10

2+10=8−2+10

Combine like terms

2n+10=<u>8n−2n</u>+10

2+10=<u>6</u>+10

Subtract from both sides

2+10=6+10

2+10<u>−10=</u>6+10<u>−10</u>

Simplify

2n=6n

Subtract both sides from 6n of the equation

2=6

2<u>−6</u>=6<u>−6</u>

Solution

n=0

5 0
3 years ago
Which of the following would be 1,000 times a base unit?
Zolol [24]
Kilo :) hope this helps


5 0
3 years ago
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