Answer:
The answer is that she would pay $65.56 in finance charges at the end of the month.
Step-by-step explanation:
Given: APR = 19.99%
Carry Over Balance: $398.97
The APR or Annual Percentage Rate, is calculated daily. You will need to get the daily periodic rate, or DPR, so divide the APR by 365:
19.99% = .1999
.1999 / 365 = .005477 (This is the Approximate DPR, rounded up to .005477)
To get the finance charge, multiply the average daily balance by the DPR and then by 30 days:
398.97 * .005477 * 30 = $65.56 finance charge for this carry over balance, at the end of the month. This assumes that the balance is the average daily balance.
Hope this helps!! Have a great day!
There's always a decimal at the end of a whole number. here it's behind
the last zero. move that decimal so that the non-zero digit is less than
10 but more than 1.
4.73, the decimal was moved 4 places to the left. so the scientific notation is
4.72X10^4
Answer:
5i
Step-by-step explanation:
Using the rule of radicals
× 
⇔ 
and 
= i
Given
= 
= 
× ×
= 5 × × i
= 5i
Answer:
A(10) = $13,961.50
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 5.25/100
r = 0.0525 rate per year,
Then solve the equation for A
The formula is given as:
A = Pe^rt
P = 8259
r = 0.0525
t = 10 years.
Hence,
A = 8,259.00 × e^(0.0525×10)
A = $13,961.50
Therefore, the money that will be in the account after 10 years is $13,961.50
