you contract with a landscaper to install a new patio in your backyard. her bill is $1,850 2/5 net 30. find…

you contract with a landscaper to install a new patio in your backyard. her bill is $1,850 2/5 net 30. find the amount needed to pay the bill with the discount included.

you contract with a landscaper to install a new patio in your backyard. her bill is $1,850 2/5 net 30. find the amount needed to pay the bill with the discount included.

Answer

Explanation:

Step1: Identify discount rate

The terms "2/5 net 30" mean a 2% discount if paid within 5 days. So the discount rate $r = 0.02$.

Step2: Calculate discounted amount

The original bill amount $A_0=1850$. The discounted - amount $A$ is calculated using the formula $A = A_0(1 - r)$. Substitute $A_0 = 1850$ and $r=0.02$ into the formula: $A=1850\times(1 - 0.02)=1850\times0.98$. $A = 1813$.

Answer:

$1813$