A consumer charges a $50 purchase on a credit card. The card has a daily interest rate of 0.038%. If the consumer pays off the b
alance at the end of 30 days, how much in interest will be paid
for the purchase? Round your answer to two decimal places.
1 answer:
Answer:
SIMPLE ONE-TIME INTEREST
I
=
P
0
r
A
=
P
0
+
I
=
P
0
+
P
0
r
=
P
0
(
1
+
r
)
I is the interest
A is the end amount: principal plus interest
P0 is the principal (starting amount)
r is the interest rate (in decimal form. Example: 5% = 0.05
Step-by-step explanation:
You might be interested in
1 ) 3 t ( t + 2 ) - 3 t² =
= 3 t² + 6 t - 3 t² = 6 t = 6 · 19 = 114
2 ) - ( 3 a - 2 b ) - 3 ( - a- b ) =
= - 3 a + 2 b + 3 a + 3 b = 5 b
a) P = 2(l+w) Sadie
P =2l+2w Eric
b) Sadie : P = 2(30+75) = 2(105) = 210
Eric: P = 2(30) +2(75) = 60+150 =210
Because the decimal is over 40 the answer is 15
I can’t really see please text it
