Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1 divided by 12 of
the annual interest rate.
You maintain an average balance of $675 on your credit card, which carries a 24%
annual interest rate.
The monthly interest payment is
1 answer:
The monthly interest payment is 162
<h3>What is Interest?</h3>
Interest, in its most simple form, is calculated as a percent of the principal.
First,
monthly interest rate,
= 0.24/12
= 0.02.
Now,
Average monthly interest,
=0.02×$675
= $13.50.
Thus, the annual interest payments,
= 12×$13.50
= $162
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The function is in fact a polynomial and the degree of the polynomial is 7.
11.22 is 33% of 34 if that is what youre asking
Answer:
x = 5
Step-by-step explanation:
divide both sides by 2
<span>By the Pythagorean theorem
AB = </span>√(12²+5²) = √169 = 13 units
