you contract with a painter to paint 2 rooms inside your house. his bill is $1,600 1/10 net 30. find the…

you contract with a painter to paint 2 rooms inside your house. his bill is $1,600 1/10 net 30. find the amount needed to pay the bill with the discount included.

you contract with a painter to paint 2 rooms inside your house. his bill is $1,600 1/10 net 30. find the amount needed to pay the bill with the discount included.

Answer

Explanation:

Step1: Identify the discount rate

The term "1/10 net 30" means a 1% discount if paid within 10 days. So the discount rate $r = 0.01$.

Step2: Calculate the amount after discount

The original bill amount $A_0=$1600$. The amount $A$ after discount is calculated by the formula $A = A_0(1 - r)$. Substitute $A_0 = 1600$ and $r=0.01$ into the formula: $A=1600\times(1 - 0.01)=1600\times0.99$. $A = 1584$.

Answer:

$1584$