1.group ten borrowed for each person 10000 birr each deduction saving amount 10% addition deduction service charge 3%. A. calculate for each total deduction B. calculate total deduction group ten C. calculate total netpay group ten
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3 partsStep-by-step solution
8 stepsPart 1· 3 steps
A. calculate for each total deduction
Calculate the saving deduction per person.
The saving deduction is 10% of the borrowed amount.
Saving deduction =Calculate the service charge deduction per person.
The service charge deduction is 3% of the borrowed amount.
Service charge deduction =Calculate the total deduction per person.
Total deduction per person = Saving deduction + Service charge deduction
Total deduction per person =
The total deduction for each person is .
Part 2
B. calculate total deduction group ten
Use the total deduction per person from Part A.
Total deduction per person =
Calculate the total deduction for the group of ten.
Total deduction for group = Total deduction per person Number of people
Total deduction for group =
The total deduction for the group of ten is .
Part 3
C. calculate total netpay group ten
Calculate the total amount borrowed by the group of ten.
Total borrowed amount = Amount borrowed per person Number of people
Total borrowed amount =Use the total deduction for the group from Part B.
Total deduction for group =
Calculate the total net pay for the group of ten.
Total net pay for group = Total borrowed amount - Total deduction for group
Total net pay for group =
The total net pay for the group of ten is .
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