Answer:
C. $824.74, $175.26
Step-by-step explanation:
1) Amount Credited
The formula to calculate the amount credited =
Amount paid ÷ ( 100% - Discount)
Discount is given in the question as 3/10
Where 3 = Discount rate
Amount paid = $800
Amount credited = 800/( 100% - 3%)
= 800/ 97%
= 800/ 0.97
= $824.74
b) Outstanding balance = Invoice - Amount credited
Invoice = $1000
Amount credited = $824.74
Outstanding balance = $1000 - $824.74
= $175.26
Answer:
L = 50 * (-0.4)^(n - 1)
Step-by-step explanation:
r = t2/t1 = -20/50 = - 0.4
a = 50
L = 50 * (r)^(n - 1) Let's see if we can get the answer when n = 3
L=50 * (-0.4)^(3 -1)
L =50* (-0.4)^2
L = 50 * 0.16
L = 8 which is correct
Answer:
A
Step-by-step explanation:
Sales tax is a certain percent of a bill that is taken and sent to the state. Example: Florida sales tax is 7% of the total.
Step-by-step explanation:
(i) 12 months × fixed salary
= 12 × 3140
= 37680 $
(ii) commission = total × 2%
= 720000 × 0.02
= 14400 $
(iii) fixed salary + commission
= 37680 + 14400 = 52080 $
