The percent off the store should display is 27.0%
- The initial percent off given to Matt = 20%
- The additional percent off given to Matt = 7%
The percent off the store should display is the total percent off given to their product. That is, the addition of the first and second percent off.
The total percent off the store gave to Matt is calculated as;
= 20% + 7%
= 27%
To the nearest tenth of a percent = 27.0%
Thus, the percent off the store should display is 27.0%
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Jeremy will pay $41.05 interest.
We know that, Interest = PRT/100
where,
P = principal
R = rate
T = time
For given question, principal (P) = $325.18
interest rate R = 12 5/8%
= 12.625%
And period T = 1 year
We need to find the interest.
⇒ Interest = PRT/100
⇒ Interest = (325.18 × 12.625 × 1) / 100
⇒ Interest = 4105.3975 / 100
⇒ Interest = $41.05
Therefore, Jeremy will pay $41.05 interest.
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When you are doing distributive property, it can only happen if a number or exponent is before the bracket. From this equation, you can solve for x like so:
7(x+5)-x=42
7x+35-x=42 -Using distributive property (Multiplication)
6x=7 -Collecting like terms.
x= 7/6 -The answer.
Therefore x would equate to 7/6.
The total amount is $ 6050, and the total interest after 8 months is $1050.
What is interest?
- Interest is the financial charge for the honor of adopting a plutocrat, generally expressed as a periodic chance rate( APR).
- Interest is the quantum of plutocrat a lender or fiscal institution receives for advancing out money. However, you do it in order to achieve that result or maintain that situation, If you do commodity in the interests of a particular result or situation.
- There are basically three(3) main types of interest rates the nominal interest rate, the effective rate, and the real interest rate.
- The nominal interest of a (one) investment or loan is simply the stated rate on which interest payments are calculated.
Here,
Period per year = 124 = 3
Total amount = amount (1 + periodic rate)period
= $6,050
Total interest = Total amount - amount
= 6050 - 5000
= $1,050
Thus,
The total amount is $ 6050, and the total interest after 8 months is $1050.
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