The total interest is =$875.76
The ending balance due = $19075.76
<h3>Calculation of interest using US rule</h3>
The US rule states that the year will be calculated in 360 days and not 365
- At day 70 the interest= 26,000 × 0.09 × 70/360
= 163,800/360
= $455
He owes $26,000+$455 = $26,455 but he pays $2,900 leaving him with a depth of $23,555 at day 70.
- At day 107: another 37 days has passed, therefore interest = $23,555 × 0.09× 37/360
= 78438.15/360
=$217.88
So at this time he owes $23772.88, but pays off $4900 leaving with a balance on day 107 of $18872.88
It will be another 43 days till the note is due, therefore the interest that would the generated the remaining days =
$18872.88×0.09×43/360
= 73038.0456/360
= $202.88
Therefore at day 150 he is owing $18872.88 + $202.88 = $19075.76 ( ending balance due)
The total interest generated;
= $455+$217.88+$202.88
= $875.76
Learn more about simple interest here:
brainly.com/question/20690803
#SPJ1
Answer:
Step-by-step explanation:
Assuming you actually mean:
.
Let 
.
Then, 
.
Hence, 
.
Therefore, we get via substitution:
Answer:
12
step by step explanation:
-22+34=12
Answer:
50+60=110
Step-by-step explanation:
multiply 10 by 5 and 12 by 5 to get 50 and 60 add them together to get 110.
Answer:
Step-by-step explanation:
sin x = opposite / hypotenuse
sin x = b / c
cos x = adjacent / hypotenuse
cos x = a / c
tan x = opposite / adjacent
tan x = b / a
