1.group ten borrowed for each person 10000 birr each deduction saving amount 10% addition deduction service charge 3%. A. calculate for each deduction B. calculate total deduction C. calculate total netpay

Mathematics

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Answers

3 parts
1

1,000 Birr1,000\ \text{Birr}

300 Birr300\ \text{Birr}

2

1,300 Birr1,300\ \text{Birr}

3

8,700 Birr8,700\ \text{Birr}

Step-by-step solution

4 steps

Part 1· 2 steps

A. calculate for each deduction

  1. Calculate saving deduction

    The saving deduction is 10% of the borrowed amount.

    Saving Deduction=0.10×10,000 Birr\text{Saving Deduction} = 0.10 \times 10,000\ \text{Birr} Saving Deduction=1,000 Birr\text{Saving Deduction} = 1,000\ \text{Birr}
  2. Calculate service charge deduction

    The service charge deduction is 3% of the borrowed amount.

    Service Charge Deduction=0.03×10,000 Birr\text{Service Charge Deduction} = 0.03 \times 10,000\ \text{Birr} Service Charge Deduction=300 Birr\text{Service Charge Deduction} = 300\ \text{Birr}

    For each person:
    Saving deduction: 1,000\ Birr
    Service charge deduction: 300\ Birr


Part 2

1,300 Birr1,300\ \text{Birr}

B. calculate total deduction

  1. Calculate total deduction

    The total deduction is the sum of the saving deduction and the service charge deduction.

    Total Deduction=Saving Deduction+Service Charge Deduction\text{Total Deduction} = \text{Saving Deduction} + \text{Service Charge Deduction} Total Deduction=1,000 Birr+300 Birr\text{Total Deduction} = 1,000\ \text{Birr} + 300\ \text{Birr} Total Deduction=1,300 Birr\text{Total Deduction} = 1,300\ \text{Birr}

    For each person, the total deduction is: 1,300\ Birr


Part 3

8,700 Birr8,700\ \text{Birr}

C. calculate total netpay

  1. Calculate total net pay

    The total net pay is the borrowed amount minus the total deduction.

    Net Pay=Borrowed Amount−Total Deduction\text{Net Pay} = \text{Borrowed Amount} - \text{Total Deduction} Net Pay=10,000 Birr−1,300 Birr\text{Net Pay} = 10,000\ \text{Birr} - 1,300\ \text{Birr} Net Pay=8,700 Birr\text{Net Pay} = 8,700\ \text{Birr}

    For each person, the total net pay is: 8,700\ Birr

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