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svp [43]
2 years 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]2 years 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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Our library has 3,489 non-fiction books, 8,617 fiction books and 1,240 reference books. If there are 564 students and each stude
Pavlova-9 [17]

Answer:

9,962

Step-by-step explanation:

3,489+8,617+1,240=13,346

564*6=3,384

13,346-3,384=9,962

3 0
4 years ago
Instructions:Type the correct answer in each box. Use numerals instead of words. If necessary, use / for the fraction bar(s).
Aleks [24]
Call T the price of the T-shirts and P de price of the jeans

Initially (without discount)
2T + P = 40

One month later (half prices)
2 (T/2) + 5(P/2) = 60
T +5P/2 = 60

To solve the system of equations multiply the second equation by 2 and substract it from the first equation

   2 T + 5P = 120
- (2 T +   P = 40 )
________________

           4P = 80

P = 80/4
P = 20

From 2T + P = 40

T = (40 - P) / 2 = (40 -20) / 2 = 20/2 = 10.

The price of a T-shirt is $10 and the price of a pair of jeans is $20.
4 0
3 years ago
Someone help me with these questions pls-
Andrews [41]

When finding the reciprocal, it is basicaly flipping the numerator and denominator of the number. For instance, the reciporcal of 2 is 1/2, because the denominator of 2 would be 1. For an example more straight forward, the reciporacle of 3/5 is 5/3. This applied to the question goes as followed.

1. 3/5 is 5/3

2. 1/4 is 4

3. 1 is 1

Similarly when dividing fractions or an integer to a fraction, the fraction that is dividing the number turns into the reciprocal then you would multiply.

4.   3/(3/4) is 3*4/3= 4

5.   5/(3/4) is 5*(4/3)= 20/3

6.   8/(4/7) is 8*(7/3)= 56/3

7. 6/(3/5) is 6*(5/3)= 10

8. 2/(5/8) is 2*(8/5)= 16/5

9. 4/(8/9) is 4*(9/8)= 9/2

8 0
2 years ago
Read 2 more answers
please help me find the slope and y intercept! i’m the worst at math, i’d really appreciate it &lt;333 (click on photo)
defon
5) the slope is -2, y-intercept is 1. 6) slope is 1, y-intercept is 1. 7) slope is -5, y-intercept is 8. That’s all I could find :( sorry. Hope that helped. I’m also not that good at math
3 0
3 years ago
Read 2 more answers
Need some more help please!
Vikki [24]

For this case we have that by definition\pi equals 180 degrees.

We must convert 135 degrees to radians, then:

135 * \frac {\pi} {180} =\\135 * \frac {3.14} {180} =\\\frac {423.9} {180} = 2.355

Rounding off we have:

2.4 radians.

Answer:

2.4 radians

3 0
3 years ago
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