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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

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Brainliest, but explain your answer for once? Thanks in advance, appreciate ya!
GenaCL600 [577]

Answer:

c. 1/6

Step-by-step explanation:

I hope it helps you...

4 0
2 years ago
Read 2 more answers
To walk to her friend's house, Cristal normally walks 63 yards north and 16 yards east as shown. How many
ANEK [815]

Answer:

65 yd

Step-by-step explanation:

The image of this walking path of Cristal is missing, so i have attached it.

From the image attached, we can see that the path "x" is the hypotenuse path a the triangle.

Thus, we can use pythagoras theorem to find the area. Thus;

x² = 16² + 63²

x = √(16² + 63²)

x = √4225

x = 65 yd

5 0
3 years ago
The masses mi are located at the points Pi. Find the moments Mx and My and the center of mass of the system. m1 = 4, m2 = 3, m3
viva [34]

Answer:

M_x= 8

M_y = 6

Therefore the co-ordinate of the center of mass is = (\frac{4}{5},\frac{3}{5})

Step-by-step explanation:

Center of mass: Center of mass of an object is a point on the object. Center of mass is the average position of the system.

Center of mass of a triangle is the centriod of a triangle.

Given that m₁= 4, m₂=3, m₃=3 and the points are P₁(2,-3), P₂(-3,1) and P₃(3,5)

M_x = ∑(mass × x-co-ordinate)

M_y = ∑(mass × y-co-ordinate)

Therefore  

M_x = (4×2)+{3×(-3)}+(3×3)

     =8

M_y = {4×(-3)}+{3×1}+(3×5)

    =6

The x co-ordinate of the center of mass is the ratio of M_x to the total mass.

The y co-ordinate of the center of mass is the ratio of M_y to the total mass.

Total mass (m) = m₁+ m₂+ m₃

                        = 4+3+3

                        =10

The x co-ordinate of the center of mass is \frac {8}{10} = \frac {4}{5}

The y co-ordinate of the center of mass is \frac{6}{10}=\frac{3}{5}

Therefore the co-ordinate of the center of mass is = (\frac{4}{5},\frac{3}{5})

4 0
3 years ago
Every month, $35 is withdrawal from Tony saving account to pay for his gym membership. He has enough savings to withdraw no more
schepotkina [342]
9 is your answer
because 10times35 is 350 -35 is 315 
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Lily is saving for her first car. She has $2,500 in a savings account that pays 4.25% annual interest.
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$106.25 is how much she is saving for her first car
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