A grocery store has a discount of 13% off hand soap. At the same time the hand soap manufacturer has a coupon for $2.00 off. Assuming both promotions can be applied at the same time how much more would you pay if you applied the coupon first?

has to be paid more if the coupon is applied first

Step-by-step explanation:

Given: A grocery store has a discount of 13% off hand soap. At the same time the hand soap manufacturer has a coupon for $2.00 off.

To find: how much more would be paid if the coupon is applied first

Solution:

Let $ x denotes cost of hand soap

Case 1:

If the discount is given first,

cost of hand soap =

If the coupon for $2.00 off is applied,

Final cost of the hand soap =

Case 2:

If the coupon for $2.00 off is applied first,

cost of hand soap =

If the discount is given then,

final cost of the hand soap = =

Here,

So, has to be paid more if the coupon is applied first.

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.

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step-by-step explanation:

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