Answer:
<u>The correct answer is C. It is the original amount of money the bank loans the borrower.</u>
Step-by-step explanation:
Let's recall that are five basic elements for calculating the payment of a loan:
1. The principal. How much money you borrow.
2. The interest rate. How much money you will pay in addition to the principal.
3. The period of time. How long will it takes you to pay the loan.
4. The frequency of payment. Will you pay every month?, every quarter?, every year or maybe every two weeks?
5. Additional payments. When you have additional income seasonally and you want to lower either the period of time or the interests to pay.
Answer:
the answer is A&d
Step-by-step explanation:
I took the quiz and got 100
Answer:
a
Step-by-step explanation:
because i got it right
Answer:
Step-by-step explanation:
Adding two rational numbers results in a positive sum.
1 .Fridays and Saturdays, she works 16 hours
16 x $9.70 = $155.20
answer: her gross pay in a week: $155.20
2. 7 hours on Wednesday, 6 hours on Thursday, and 9 hours on Friday. His gross pay for all three days was $196.90
7 + 6 + 9 = 22
196.90 / 22 = $8.95
answer: his hourly rate was $8.95
3.hourly rate of $11.28 per hour worked 46 hours last week. She works overtime for hours exceeding 40 hours in a week. She is paid overtime at a rate of time and a half. What was her gross pay last week?
$11.28 x 40 = $451.20 ---normal 40 hours paid
46 - 40 = 6 (6 hours over time)
11.28 + 11.28/ 2 = $16.92 (overtime pays a rate of time and a half)
6 * $16.92 = $101.52
$451.20(40hours) + $101.52(6hours overtime) = $552.72
answer: her gross pay last week was $552.72
4. Paul received a $15 tip on a meal that cost $120. What percent of the meal cost was the tip?
15 / 120 = .125
.125 * 100 = 12.5%
answer: percent of the meal cost was the tip was 12.5%
5. Carly earns a weekly salary of $720 plus 4% commission. Last week, she sold $3250 worth of products. What was her gross pay?
4% = .04
$3,250 * .04 = $130 (commission on sold products)
$720 + $ 130 = $850
answer: her gross pay was $850
