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It is interest
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∙ 11y ago
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The amount paid or earned for the use of money?
simple intrest
When you use a coupon for 15 percent off the original price of a headset you pay 27. What is the original price of the headset Include your equation with the unknown x as well as your answer?
Let the original price be x; The 15% of x is 15/100 × x → the original price less the discount gives the price paid: x - 0.15x = 27 → 0.85x = 27 You can now solve for x. ------------------------------------------- You can also work in percentages: the whole price is 100% The discount is 15% → the amount paid is 100% - 15% = 85% → 85% of x = 27 → 85/100 × x = 27 → 0.85x = 27 as before
Do stores use the original price or the discount price to determine what the tax is?
Stores charge tax on whatever the price that you pay is. So if you are paying a sale price, you should only be paying the tax on the sale price.
How do you use addition and subtraction in a real life situation?
When you go to a store and you add stuff to your shopping cart, and if you have limited money, you should use addition so that you know how much those will cost. Then when it cost more than you thought, you "subtract" the price of a random item by putting it back to the shelf so that the cost would match the amount you have.
Where would you use additive inverse in real life?
When you owe money
The price paid for the use of money is?
Interest.
The price that is paid for the use of another's money is called?
Interest
What is the price paid for the use of a sum of money over a period of time?
That is interest.
What does a bank charge you when you borrow money from it?
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
What is the predetermined amount the borrower must pay for the use of borrowed money?
Interest is a predetermined amount that a borrower must pay for the use of borrowed money. Interest is calculated as a percentage of the amount borrowed.
Which concept does Adam smith use to describe the amount of money commonly paid for any comodity?
Market price
Which refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
What is the payment for the use of borrowed money?
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
Which term refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
Is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
What concepts does Adam smith use to describe the amount of money commonly paid for any commodity?
Market price
Which concept does Adam Smith use to describe the amount of money commonly paid for any commodity?
Market price
