I'm doing a CSSA trial and just came up against this question...
I did i) no worries, it's just x/16 = 12.5/5 then 12.5x16.5 = 40.
but ii) the answer is coming out as 62.8cm^2... how is it this? isn't it pi x 16 x 5 = 231.3cm^2?
thank you so much. how about this one?
Anusha borrows $9900 in a flat-rate loan over 3 years, with interest charged at 9% per annum.
Calculate the amount of each monthly repayment.
(A) $74.25
(B) $222.75
(C) $349.25
(D) $1047.75
I tried the monthly repayment annuity formula, so...
The River Bank offers a "Vista" credit card with no interest-free period. Interest is charged at a
flat rate of 18.8% p.a. Calculate the interest charged on a balance of $847 if the card is paid off
after 64 days.
(A) $13.69
(B) $27.92
(C) $339.70
(D) $2792.08
I thought you divided 18.8 by 365...