Answer: 13)74
14)53
Step-by-step explanation:
the answer is 12.2 for 150 rounded to nearest tenth
The average daily balance after 20 days is; $1750
<h3>Average Balance</h3>
The initial balance after grace period is; $25,000
Afterwards, A payment of $5,000 each is made on the 10th and 20th day.
Hence, the total balance after 20 days is;
- = $25,000 + $5000 + $5000
The average daily balance is therefore the quotient of $35,000 and 20 days
- The average daily balance = $35,000/20
- Average daily balance = $1750
Read more on average;
brainly.com/question/15418098
The total amount owed after 6 months will be found using the formula:
FV=P(1+r/100*n)^n
P=principle=$10000
r=rate=18%
n=terms=0.5
FV=10000(1+18/2*100)^0.5
FV=$10,440.30651
Thus the amount owed will be $10440.30651
Answer:
B and E
Step-by-step explanation:
