Charge per day = $90 / 15 = $ 6
Charge per year = $ 6 * 365 1/4 ( If the year contains 365 1/4 days) 
= $ 2191.5 
As a percentage = 2191.5 / 1460 * 100 = 150 %
So the answer should be 150%

5 0

2 years ago

Read 2 more answers

in the following ordinary annuity interest is compounded with each payment and the payment is made at the end of the compounding

stealth61 [152]

Answer: $59313.58

Step-by-step explanation:

We know that formula we use to find the accumulated amount of the annuity ( ordinary annuity interest is compounded ) is given by :-

$FV=A(\frac{(1+\frac{r}{m})^{mt})-1}{\frac{r}{m}})$ , where A is the annuity payment deposit, r is annual interest rate , t is time in years and n is number of periods.

Given : Annuity payment deposit :A= $4500

rate of interest :r= 6%=0.06

No. of periods : m= 1 [∵ its annual]

Time : t= 10 years

Now we get,

$FV=(4500)(\frac{(1+\frac{0.06}{1})^{1\times10})-1}{\frac{0.06}{1}})\\\\\Rightarrow\ FV=(4500)(\frac{(1.06)^{10})-1}{0.06})\\\\\Rightarrow\ FV=(4500)(\frac{0.79084769654}{0.06})\\\\\Rightarrow\ FV=(4500)(13.1807949423)\\\\\Rightarrow\ FV=59313.5772407\approx59313.58 \ \$

∴ the accumulated amount of the annuity= $59313.58

4 0

3 years ago

70 is 40% of what number? ________ 16 is 25% of what number? ________ 18 is what percent of 60? ________ 12 is what percent of 9

nordsb [41]

Answer:

I can tell you the first one and you can figure it out from there. 70 is 40% persent of what number? Well, we can chop 40% to 20% and chop 70 in half and we get 35. So 35 = 20% So we multiply 35 by five, and get 175. So 70 is 40% of 175.

Step-by-step explanation:

6 0

2 years ago

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Cual es el resultado de 5+3-4+(6x7)-(18:3)=

maw [93]

Answer: 40

Step-by-step explanation:

7 0

1 year ago