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%
Answer:
T=50.99
Step-by-step explanation:
Given:
I=3,875.78
P=1,900
R=4% I.e 4/100 , 0.04
T=?
I=PRT
3,875.79=($1,900)(0.04)t
3,875.79=76t
3,875.79/76= t
T=50.99
Answer:
5.178
Step-by-step explanation:
Cancel the 9 for an 8
Answer:
Uhhhh si he counted 40 cars so just do 40 times 9 which is 360
