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Novay_Z [31]
2 years ago
12

Woody’s Cafe Real Estate tax of $1,110.85 was due on November 1, 2010. Due to financial problems, Woody was unable to pay his ca

fe real estate tax bill until January 15, 2011. The penalty for late payment is 8.25% ordinary interest. (A) What is the penalty Woody will have to pay and (B) what will Woody totally pay on January 15?
Mathematics
1 answer:
Dima020 [189]2 years ago
4 0
Ordinary interest is based on simple interest over 360 days per year.
Number of days late = (January 15-November 1)=14+31+30=75 days
(A) Penalty
=1110.85*0.0825*(75/360)
=$19.09
(B) total amount
=1110.85*(1+0.0825*(75/360))
=$1129.94
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Answer:

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4 0
2 years ago
To a survey of 290 newspaper reader, 181
astra-53 [7]

Question:

To a survey of 290 newspaper readers, 181 of them read the Daily Times, 142 Read the Guardian 117 read punch and each reads at least one of the three papers if 75 read the Daily Times, and the Guardian, 60 read the Daily Times and punch, and 54 read the Guardian and punch : Draw a Venn diagram to illustrate this information How many readers read All three papers ,Exactly two of the papers The Guardian alone?

Answer:

39 read all three news papers,72 Exactly two Papers & 52 reads  Guardian Alone

Step-by-step explanation:

We have given, A survey of 290 newspaper readers.

Who read the Daily times A=181  

Who read the Guardian times B=142  

Who read the punch C=117

Who read Daily Times and the Guardian A\cap B= 75

Who read Daily Times and the punch A\cap C=60

Who read Guardian and punch B\cap C=54

To find :

How many readers read All three papers, Exactly two of the papers The Guardian alone?

Solution :

Readers read all three papers is A\cap B\cap C

Total survey is given by,

Total = A+B + C- A\cap B- A\cap C - B\cap C+ A\cap B\cap C

290 = 181 + 142 + 117 - 75 -60 - 54 +A\cap B\cap C

290 =251+A\cap B\cap C

290-251=A\cap B\cap C

A\cap B\cap C=39

So, number of readers who read all three papers is 39.

Exactly two of the papers = 36 + 21 + 15 = 72

Guardian Alone = 52

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2 years ago
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Rylee took out a loan for $3600 at 13% interest, compounded annually. If she makes yearly payments of $460, will she ever pay of
elena55 [62]

Given that Rylee took out a loan for $3600 at 13% interest.

Where interest is compounded annually.


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Which means loan will always remain due for his entire life.


Hence Rylee will never be able to pay off the loan.

Interest must be less than the monthly payment in order to pay off the loan.

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2 years ago
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