Example 14///
Can someone please help what is the question saying u read it multiple times I don't understand what it is asking
#:)
unreal canyon
nocturne lagoonBOT
Example 14///
Can someone please help what is the question saying u read it mult...
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unreal canyon
Where did 6 come from?
It says for 12 month so instead they used that?
I don't know
edgy tartan
It says for 12 month so instead they used that?
Where does it say "12 months" in the statement?
unreal canyon
how I will pass this class im so scared
I don't understand anything about money
or finance
unreal canyon
Where does it say "12 months" in the statement?
I have no idea
That is what he said
my lecturer
edgy tartan
But that's not included in the statement.
unreal canyon
But that's not included in the statement.
You are completely right
but I don't know
Ohhhh
He said
12/6 equal to
Two
a year is 12 month
and
I'm lost
edgy tartan
What does year have to do with it?
Don't know, to be honest. I'm not good with financial terms.
edgy tartan
I mean, I'd solve it as you wrote it - as a fraction of the discount to the discounted price.
Oh, wait.
Maybe the interest they are talking about is the yearly one?
Suppose the initial price is P0, the discount is ΔP > 0, the interest rate is p and the required time and the time of interest (in years) are t and T. Then we have:
(P0 - ΔP)(pt/T) = ΔP
Then try expressing p. In our case P0 = $1200, ΔP = $50, t = 1/6 y, T = 1 y.
unreal canyon
Suppose the initial price is P0, the discount is ΔP > 0, the interest rate is p ...
What is pt
edgy tartan
What is pt
Product of p and t, of course.
unreal canyon
Product of p and t, of course.
I'm reading what u said Few times so my brain can process it
unreal canyon
Product of p and t, of course.
Where did the interest came from
If he already paid
The 1150$
edgy tartan
Where did the interest came from
It's interest as if you didn't have a discount, but instead just gained $50 on top of $1150.
unreal canyon
It's interest as if you didn't have a discount, but instead just gained $50 on t...
But he had 1200$ if he didn't pay
When did they say if he pay in two month they will give him interest
edgy tartan
But he had 1200$ if he didn't pay
The point is to think of the discount as the money you gain by just having a discount.
It's not actual direct interest.
unreal canyon
The point is to think of the discount as the money you gain by just having a dis...
like he gained 50 dollars?
But he gained that this month
Why he would gain another 50$?
edgy tartan
Well, it's in two months, rather.
It's kinda weird to explain...
I'm not really sure why they even ask it to be treated as actual interest.
unreal canyon
for example
unreal canyon
I'm not really sure why they even ask it to be treated as actual interest.
If I wanted to buy a lamp from you in two month and you tell me if I pay now I will save 50$
So I saved 50$
Why I would gain another 50$ in second month
edgy tartan
No, it's not like you gain it again.
It's like savings of $50 over the course of 2 months.
unreal canyon
It's like savings of $50 over the course of 2 months.
Omgggg so I get that part now
What does mean by the question
agile boughBOT
@unreal canyon
unreal canyon
<@1090145310229139456>
+close
agile boughBOT
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