Your bill from acme supply company is marked "3/15, net 30." the amount of the bill is $178.95. if you pay the bill within 15 days, how much should you tender?

a little ?

you should tender $173.58

Step-by-step explanation:

Your bill from Acme Supply Company is marked "3/15, net 30"'

We know When "3/15, net 30" is marked on any bill, it means that if the bill is paid within 15 days there is 3% discount, otherwise net pay within 30 days.

In this question it is asked that if you pay the bill within 15 days, so it is clear that you get the discount of 3% on the bill of $178.95.

Therefore we find the value less than 3% of $178.95.

= 3/100 × 178.95

= 0.03 × 178.95 = 5.3685 rounded to $5.37.

Now subtract 3% amount from the bill amount.

= 178.95 - 5.37 = $173.58

If you pay the bill within 15 days, you should tender $173.58

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

this is not a question