What are processing fees?

2 answers:

7 0

Answer:

Processing fees - are the total amount charged for every online transaction. It consists of percentage fee and transaction fee.

HACTEHA [7]2 years ago

4 0

Answer:

a source of revenue for the entity charging them

Step-by-step explanation:

Processing fees are fees required to be paid for some service. Often, they are added to the nominal cost of the service. They may or may not be related to the actual cost associated with performing any "processing" associated with delivering the service.

Processing fees are often seen when there is 3rd-party involvement in a transaction.

For example, if you obtain a driver's license, there may be some cost associated with the license itself (say $50), and there may be an additional "processing fee" (say $10) charged by the entity delivering the licence to your hands. That entity may charge the processing fee because they receive no portion of the $50 you pay for the licence, but they still incur costs associated with its delivery. That $10 may or may not be related to actual costs.

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Larry Mitchell invested part of his $25,000 advance at 2% annual simple interest and the rest at 3% annual simple interest. If h

alexandr402 [8]

Answer:

$1000 at 3%
$24000 at 2%

Step-by-step explanation:

Let x represent the amount invested at 3%. Then the total interest earned is ...

0.03x +0.02(25000 -x) = 510

0.01x = 10 . . . . . . . . . . . . subtract 500, collect terms

x = 1000

Mitchell invested $1,000 at 3% and $24,000 at 2%.

3 0

2 years ago

A particle is moving along the curve y= 4sqrt(5x+11) . As the particle passes through the point (5,24) , its -coordinate increas

kupik [55]

The rate of change of the distance from the particle to the origin at this instant is 3 units per second.

<h3>What is the rate of change?</h3>

The instantaneous rate of change is the rate of change at a particular instant.

A particle is moving along the curve

$y= 4\sqrt{5x+11} .$

The rate of change of y is given as:

dy / dx = 2

by differentiating both sides,

$\dfrac{dy}{dx} = 4\dfrac{1}{2\sqrt{5x+11} } 5\dfrac{dx}{dt} \\\\\dfrac{dy}{dx} = \dfrac{10}{\sqrt{5x+11} }\dfrac{dx}{dt}\\\\$

From the question, we have:

(x, y) = (5,24)

Substitute 5 for x and dy / dx = 2

$\dfrac{dy}{dx} = \dfrac{10}{\sqrt{5x+11} }\dfrac{dx}{dt}\\\\\\5= \dfrac{10}{\sqrt{5(5)+11} }\dfrac{dx}{dt}\\\\\\\sqrt{5(5)+11} = 2\dfrac{dx}{dt}\\\\\\\dfrac{dx}{dt} = 6/ 2 = 3$