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Varvara68 [4.7K]
2 years ago
10

Allan borrowed $4200 from his father to buy a car. He repaid him after 4 months with interest of 7% per year. Find the total amo

unt he repaid.
Business
1 answer:
ankoles [38]2 years ago
3 0

The total amount Allan repaid is $4,297

Allan borrowed $4200

He repaid it after 4 months

The interest incurred is 7%

The total amount Allan can be repaid can be calculated by multiplying the amount he borrowed by the number of months and interest

= 4,200 × (1 + 7/100 × 4/12)

= 4,200 × (1 + 0.07×0.333)

= 4,200 × (1+0.0231)

= 4,200 × 1.023

= 4,297

Hence the total amount he repaid is $4,297

Please see the link below for more information

brainly.com/question/15183796?referrer=searchResults

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4 0
2 years ago
2) Food bill before tax: $80<br>Sales tax: 7.9% Tip: 20%​
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2 years ago
Suppose that the price of labor (PL) is $10 and the price of capital (PK) is $20. What is the equation of the isocost line corre
gayaneshka [121]

Answer:

$100 = $10PL + $20PK

Explanation:

Computation for the equation of the isocost line

Using this formula to compute the equation of the isocost line

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Where,

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Price of labor (PL)=$10

Price of capital (PK)=$20

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$100 = $10PL + $20PK

Therefore the equation of the isocost line corresponding to a total cost of $100 will be $100 = $10PL + $20PK

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An investment offers a total return of 15 percent over the coming year. Janet Jello thinks the total real return on this investm
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6.78%

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