In the formula N=L(1−d), find:

Question

a. 'N', when L=$170.00, d=0.15

b. 'L', when N=$210.00, d=0.3

c. 'd', when L=$970.00, N=$230.00

Answer 1

N=L(1-d)= 170(1-.15) = 170(.85) = $144.5

L = N/(1-d) = 210/(1-.3) = 210/.7 = 2100/7 = $300

1-d = N/L

d = 1-N/L = 1-230/970 = 1-23/97 = 97/97 - 23/97 = (97-23)/97 = 74/97 = about 0.7629