6.) Which Bank should George go with? Why? ewcaldo be maul ng more money, n his
ID: 2890307 • Letter: 6
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6.) Which Bank should George go with? Why? ewcaldo be maul ng more money, n his account 7) Brandon Routh is going school shopping for new clothes. There is a sale in the store: jeans regular priced 80.00 are 40% off, sweaters regular priced 40.00 are 20% off and T-Shirts are 2 for 20.00 which have a regular price of 15.00 each. How much is the total of a pair of jeans, a sweater and four t-shirts at the sale prices A. B. There is a store coupon for 30%Off your entire purchase but it cannot be combined with the sale, what is the price of 30% off of jeans, a sweater and four t-shirts at the regular price. C. what is the better deal? The sale prices or 30% off your entire purchase? 8.) Tom Wellington has a bank account with a balance of $4532.10 at the beginning of the year and $4632.10 at the beginning of the next year. The bank compounds daily at a certain rate. What is Tom's annual yield? (Note APY is the equivalent annual rate of interest). an Cain wants to save $8,000 for a trip abroad two years from now. llow 9) much should he put into a savings account each month that earns 5% Interest compounded monthly? nt.roc 10.) What is the present value of $10,000 four years from now at an annual yield (effective yield) of 5%?Explanation / Answer
Dear Student,
You did not mention which question to solve so I am solving the first full question from your question paper. As per Chegg guidelines and the time frame allotted to us, we are unable to solve more than 1 question at once. You will have to repost the remaining questions separately. Thanks for your understanding and apologies for any inconvenience at your end.
Q7.
Sale price of one jeans = $80 - 40% of $80 = 80 - 32 = $48
Sale price of a sweater = $40 - 20% of $40 = 40 - 8 = $32
Two T-shirts = $20
A.
2 Jeans = $48 x 2 = $96
1 Sweater = $32
4 T-shirts = $20 x 2 = $40
Total = $96 + $32 + $40 = $168
B.
Total Regular price of all the items = 2 x $80 + $40 + 4 x $15 = $260
Price after 30% discount = $260 - 30% of $260 = 260 - 78 = $182.
C.
Obviously buying on sale prices is the better deal as you are paying $168 for your entire purchase as against to $182 using the discount coupen.
Hope this helps :)
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