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olya-2409 [2.1K]
3 years ago
5

On July 18, Lester accepted a $15,000, 7 3/4%, 180-day note from Ryan O'Flynn. On October 5, Lester discounted the note at Brome

Bank at 8 1/4%, What proceeds did Lester receive? Use ordinary interest.
Mathematics
1 answer:
hoa [83]3 years ago
3 0

Answer:

so Lester receive money is $13762.5  

Step-by-step explanation:

Given data in question

principal = $15000

discount = 8* 1/4 % i.e. = 8.25% = 0.0825

to find out

Lester receive money ?

solution

we know ordinary interest formula i.e.

receive money = principal ( 1 - discount )  ...........1

we all value principal and discount in equation 1 and we get receive money

receive money = principal ( 1 - discount )

receive money = $15000 ( 1 - 0.0825)

receive money = $ 13762.5  

so Lester receive money is $13762.5  

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Each scones sell for $1.50. The chorus profits are 80%of sale. Their current profits are $578.40. How many scones have they sold
slamgirl [31]

Answer:

482 scones.

Step-by-step explanation:

Given:

Cost of each scones = $1.50

Their current profits are $578.40 which is 80% of his total sales.

Question asked:

How many scones have they sold ?

Solution:

Let total number of scones sold = x

Cost of 1 scone = $1.50

Cost of x scones = $1.50 \times x=\$1.5x       (Unitary method)

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\frac{80}{100} \times1.5x=578.40\\0.8\times1.5x=578.40\\1.2x=578.40

Dividing both sides by 1.2

x=482\ scones

Thus, they have sold 482 scones.

8 0
3 years ago
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Answer:

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Step-by-step explanation:

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