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2 years ago

A person owes $1000 on a credit card that charges an interest rate of 2% per month

Mathematics

1 answer:

adelina 88 [10]2 years ago

3 0

Credit card balance each month:

First month: 1020 .00

Second month: 1040.4 0

Third month: 1061,208

Fourth month: 1082.43

Here we have to calculate the interest and add it to capital.

That is, 2% of 1000

First month:

Interest = 1000 (2/100)

Odds1 = 1020

Second month

Capital 1020

Interest = 1020 x 0.02 = 20.4

Odds2 = 1040.4

Third month

Capital = 1040.4

Interest = 1040.4 x 0.02 = 20.808

Odds3 = 1061,208

Fourth month

Capital = 1061,208

Interest = 1061.208 x 0.02 = 21.22

Odds = 1082.43

Therefore the credit card balance each month:

First month: 1020 .00

Second month: 1040.4 0

Third month: 1061,208

Fourth month: 1082.43

Learn more about credit card balance here: brainly.com/question/17604713

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The question is incomplete. Completed question is given below:

A person owes $1000 on a credit card that charges an interest rate of 2% per month. Complete this table showing the credit card balance each month if they do not make any payments. Month total bill in dollars11,00021,02031,040.40

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If a letter is chosen at random from the word MATHEMATICS, what is the probability of choosing a T? A. 1/11 B. 2/11 C. 4/11 D. 5

Xelga [282]

Answer: option B. 2/11

Explanation:

1)
                       number of positive outcomes
Probability = ------------------------------------------
                        number of possible outcomes

2) Number of positive outcomes:

The positive outcome is choosing a T, given that there are two Ts, the number of positive outcomes is 2.

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3 years ago

Carmen has $30 in store bucks and a 25% discount coupon for a local department store. What maximum dollar amount can Carmen purc

hram777 [196]

The maximum amount can Carmen purchase so that after her store bucks and discount are applied is $\boxed{\$ 110}.$

Further Explanation:

Given:

Carmen has $\$ 30$ in store bucks.

A $25\%$ discount coupon for a local department store.

The total amount should be less than $\$ 60$ before sales tax.

Explanation:

Consider the amount of the purchase as A.

The Carmen has $\$ 30$ in store bucks.

The new amount will be $\left( {A - 30} \right).$

There is a $25\%$ discount coupon for a local department store.

The amount after discount can be calculated as follows,

$\begin{aligned}{\text{Amount}} &= \left( {1 - 0.25} \right) \times \left( {A - 30} \right) \\&= 0.75\left( {A - 30} \right) \\\end{alignedd}$

The total amount should be less than $\$ 60$ before sales tax.

The maximum amount can Carmen purchases so that after her store bucks and discount are applied can be calculated as follows,

$\begin{aligned}0.75\left( {A - 30} \right) &\leqslant 60 \\\frac{{0.75\left( {A - 30} \right)}}{{0.75}} &\leqslant \frac{{60}}{{0.75}} \\ A - 30 &\leqslant 80 \\A - 30 + 30 &\leqslant 80 + 30 \\A &\leqslant 110 \\\end{aligned}$

The maximum amount can Carmen purchase so that after her store bucks and discount are applied is $\boxed{\$ 110}.$

Learn more:

Learn more about inverse of the function brainly.com/question/1632445.
Learn more about equation of circle brainly.com/question/1506955.
Learn more about range and domain of the function brainly.com/question/3412497

Answer details:

Grade: High School

Subject: Mathematics

Chapter: Linear inequality

Keywords: Tax, returns, filed, tax return, Carmen, store bucks, department store, maximum, dollar, amount, Carmen purchase, discount, 25% discount coupon, coupon, sales tax.

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