Qn 1. The easy loan company has a finance charge of 0.089% per day on out standing balances.What is the effective rate?
Qn 2. Seven days after Jay's company borrowed R10,000,000 interest to the amount of R37,876,71 had to be paid. The simple interest rate equals?
come on rita... this simple interest rate questions... how are you gonna pass this class if you start aksing for help this early in the course??
at least give it a chance
I have alread done the question ijust want to find out if i did it the right way so if you think you know better why don't you show me what you have got
hahahaha Ilike your style! How did you do it?
2 = 3,78%
Q1 : Effective rate = simple rate + financial charge
well Martin i sh'd be asking you the same question
If you borrow 10.000.000 K and have to pay 37.876,71 in total interest rate, assuming you close the account after seven days, you have paid 37.876,71/10.000.000 * 100 =3,78% in interest single rate
if they ask for the rent per day, the answer will be differently
simple intrest= principal value +innrest
s= p(1+rt)
s=p(1+jm/m)tm
A bathroom has dimensions of 12 feet by 7 feet and has 8 foot high walls. Phyllis wants to tile the floor with 1 foot square tiles (12"x12") and paint the "walls only" with a textured paint that covers 100 suare feet per gallon. Each tile costs $2.49 and each gallon of the textured paint costs $27.50. Calculate the nummber of tiles needed to cover the floor area. Calculate the total cost of the tiles. Determine th lateral area.(Wall area) Determine the total cost of the paint needed. Approximately, how much will this bathroom project cost Phyllis?
To calculate the number of tiles needed to cover the floor area, we need to find the area of the bathroom's floor and divide it by the area of one tile.
The area of the bathroom's floor can be calculated by multiplying the length and width of the floor:
Area = length x width
Area = 12 ft x 7 ft
Area = 84 square feet
Since each tile is 1 foot square, we can divide the total floor area by the area of one tile to find the number of tiles needed:
Number of tiles = Area of floor / Area of one tile
Number of tiles = 84 square feet / 1 square foot
Number of tiles = 84 tiles
So, the number of tiles needed to cover the floor area is 84 tiles.
Next, we can calculate the total cost of the tiles by multiplying the number of tiles by the cost of each tile:
Total cost of tiles = Number of tiles x Cost of one tile
Total cost of tiles = 84 tiles x $2.49 per tile
Total cost of tiles = $209.16
Therefore, the total cost of the tiles needed to cover the floor area is $209.16.
To determine the lateral area (wall area), we need to find the area of the four walls. Since the walls have a height of 8 feet, the area of each wall can be calculated by multiplying the height by the length:
Wall area = height x length
Wall area = 8 ft x 12 ft
Wall area = 96 square feet
Since there are four walls, we can multiply the area of one wall by four to find the total wall area:
Total wall area = Wall area x 4
Total wall area = 96 square feet x 4
Total wall area = 384 square feet
Therefore, the lateral area (wall area) is 384 square feet.
To calculate the total cost of the paint needed, we divide the wall area by the coverage of one gallon of paint:
Total gallons of paint needed = Total wall area / Coverage per gallon
Total gallons of paint needed = 384 square feet / 100 square feet per gallon
Total gallons of paint needed = 3.84 gallons
Now, we can determine the total cost of the paint needed by multiplying the total gallons of paint by the cost per gallon:
Total cost of paint = Total gallons of paint needed x Cost per gallon
Total cost of paint = 3.84 gallons x $27.50 per gallon
Total cost of paint = $105.60
Therefore, the total cost of the paint needed is $105.60.
Finally, to approximate the total cost of the bathroom project, we add the cost of the tiles to the cost of the paint:
Total cost = Total cost of tiles + Total cost of paint
Total cost = $209.16 + $105.60
Total cost = $314.76
So, approximately, the bathroom project will cost Phyllis $314.76.