8th Edition

ISBN: 9781305888715

Author: Brechner

Publisher: CENGAGE LEARNING - CONSIGNMENT

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The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

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Textbook Question

Chapter 13, Problem 6AT

Alpine Construction, Inc. has a $100,000 line of credit with the Bow Valley Bank. The annual percentage rate is the current prime rate plus 3 1 4 % . The balance on June 1 was $52,900. On June 8. Alpine borrowed $30,600 to pay for a shipment of lumber and roofing materials and on June 18 borrowed another $12,300 for equipment repairs. On June 28, a $35,000 payment was made on the account. The billing cycle for June has 30 days. The current prime rate is 7 3 4 % .

a. What is the finance charge on the account?

b. What is Alpine’s new balance?

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Chapter 13, Problem 5AT

Chapter 13, Problem 7AT

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EBK CONTEMPORARY MATHEMATICS FOR BUSINE

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Solution Summary: The author calculates the finance charge by multiplying the periodic rate by average daily balance. Alpine Construction, Inc. has a 100,000 line of credit with the Bow Valley Bank.

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Chapter 13 Solutions