Answer:
56.44%
Step-by-step explanation:
From the question, we have the following values
% Discount = 3%
Full allowed payment days = 30 days
Discount days = 10 days
1 year = 365 days
The formula for Effective Annual rate or Annual rate in effect =
Discount %/(1-Discount %) x (365 days/(Full allowed payment days - Discount days))
= 3%/(1 - 3%) × (365 days/30 days - 10 days)
= 0.03/(1 - 0.03) × (365/20)
= 0.03/0.97 × (365/20)
= 0.5644329897
Converting to percentage
0.5644329897 × 100
= 56.44329897%
Approximately = 56.44%
Therefore, the annual rate Heidi, in effect, is paying the supplier if she fails to pay the invoice at the end of the discount period is 56.44%
Answer: with question 1 mark your first line by having it intercept at postive 4 on y axis then count up 1 right 4 then mark a point then mark a point down 1 left 4 then create your line
After that line go to next line but starting at -3 on y axis then go up three left 2 until you cant fit on graph you should get your answer where both lines you draw cross at
Step-by-step explanation:
You can see that the term 
appears in both equations. In this cases, we can leverage this peculiarity and subtract the two equations to get rid of the repeated term. So, if we subtract the first equation from the second, we have
Now that we know the value of 
, we can substitute in any of the equation to deduce the value of 
: if we use the first equation, for example, we have
You have to do $1,790 reduced (decreased) by $395 times 800 and your answer is $1166,000
