Buying books, your dorm and maybe a ride to get to school
Week 1: 4.23
———————
Week 2: 8.46
Week 4: 16.92
Week 6: 25.38
Week 8: 33.84
Week 10: 42.30
Week 12: 50.76
I can’t draw a graph on here but it’s basically a straight line.
Equation: y=4.23x
y is the amount of money she has at x weeks
Answer: $12.6165
Step-by-step explanation:
Finance charge = Average daily balance × monthly periodic rate.
where,
Monthly periodic rate = APR / 12 months
Monthly periodic rate = 15.6% / 12
= 0.156 / 12
= 0.013
Finance charge = $970.50 × 0.013
= $12.6165
