1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svp [43]
1 year ago
8

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 ​
Mathematics
1 answer:
asambeis [7]1 year ago
3 0

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

Learn more about this concept here:

brainly.com/question/1435782

#SPJ1

You might be interested in
Identify a solution of the equation: log2x+log(x−5)=2
Harrizon [31]

Answer:

  • 3.x= 10

Step-by-step explanation:

  • log 2x + log (x - 5) = 2
  • log (2x(x - 5)) = 2
  • 2x(x - 5) = 10²
  • 2(x² - 5x) = 100
  • x² - 5x - 50 = 0
  • x² + 5x - 10x - 50 = 0
  • x(x + 5) - 10(x + 5) = 0
  • (x - 10)(x + 5) = 0
  • x = 10
  • x = -5, this root is discounted as log should be positive.

Correct choice is 3.

6 0
3 years ago
The area of a parallelogram is 96 cm2. The height of the parallelogram is 4 cm less than the length of the base. What is the len
Valentin [98]
96/4=24 so the length of a standerd paralleegram is 24
4 0
3 years ago
Read 2 more answers
∠A and \angle B∠B are supplementary angles. If m\angle A=(x-16)^{\circ}∠A=(x−16) ∘ and m\angle B=(3x+28)^{\circ}∠B=(3x+28) ∘ , t
GalinKa [24]

Answer:

  ∠A = 26°

Step-by-step explanation:

Supplementary angles total 180°.

  ∠A +∠B = 180°

  (x -16)° +(3x +28)° = 180°

  4x° + 12° = 180°

  x° +3° = 45°

  x° = 42°

  ∠A = (x -16)° = 42° -16°

  ∠A = 26°

3 0
3 years ago
On a coordinate plane, an exponential function approaches y = 0 in quadrant 2 and increases into quadrant 1. It crosses the y-ax
KIM [24]

Answer:

3

Step-by-step explanation:

f(x)=a*b^x - is a formula of exponential function

As we know the point (x=0; y=3) lies at the function's  graph.

So we have to put in formula f(x)=a*b^x   x=0  f(x)=y=3

3=a*b^0   (b^0=1) => 3=a*1 => 3=a  

6 0
3 years ago
Read 2 more answers
How many boards he can paint
katrin2010 [14]
Idk but just divide both of the fraction hope i helped you a little
4 0
3 years ago
Other questions:
  • Simplify. <br> 5/√10<br><br> A. √10/2<br><br> B. √5<br><br> C. √2<br><br> D. √2/2
    8·1 answer
  • Pita has 12 coins in her bag there are three £1 coins and nine 50p coins she takes 3 coins from the bag at random work out the p
    8·1 answer
  • HELP ASAP WILL GIVE BRAINLIEST!! Write the equation in point-slope form for the line that contains the points
    12·1 answer
  • omg help plsssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss
    6·1 answer
  • Solve for y: 5y = 9 1/2
    14·2 answers
  • Lakota is planning on creating a gigantic flag to honor the greatness of the superintendent, Mr. Miller. The main part of the fl
    10·1 answer
  • 10. What is the area of a triangle with base 4cm and
    9·1 answer
  • 12×(3 + 2²)÷2-10= ??????????<br><br><br><br><br><br><br>​
    6·2 answers
  • There are 12 people at the movies. Child tickets are $5 and adult tickets are $10. How many children were there if they paid $60
    14·1 answer
  • Whoever answers this gets 30pts
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!