Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.) A barbeque is listed for $615.35 less 32%, 15%, 4%. (a) What is the net price? (b) What is the total amount of discount

1.) A barbeque is listed for $615.35 less 32%, 15%, 4%.

(a) What is the net price?

(b) What is the total amount of discount allowed?

(c) What is the exact single rate of discount that was allowed?

2.)The price of a carpet was reduced by 10%. If the original price was $20, what was the amount by which the price was reduced?

3.) Use the future value formula, S=P(1+rt), to compute the future value of $764.00 over seven months at 3 1/4% p.a.

4.) The lawyer for a credit union member has sent a cheque for $3756.23 in full settlement of the member's loan balance including interest at 5 1/4% for 2 months. How much of the payment is interest?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: James Jiambalvo

4th edition

9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797

More Books

Students also viewed these Accounting questions