A common way of calculating a finance charge on a credit card is to multiply the average daily balance by the annual percentage rate (APR) and the days in your billing cycle. The product is then divided by 365 . Mortgages also carry finance charges.
Answer:
9.99 years
Step-by-step explanation:
P=$3,500
r=7%=0.07
n=4(quarterly)
A= double of $3,500=
$3,500×2=$7,000
t=?
A=p(1+r/n)^nt
$7,000=$3,500(1+0.07/4)^4t
$7,000=$3,500(1+0.0175)^4t
$7,000=$3,500(1.0175)^4t
Divide both sides by $3,500
2=(1.0175)^4t
Take the log to base 10 of both sides
log2=4t × log1.0175
0.30103=4t × 0.00753
0.30103=4(0.00753)t
0.30103=0.03012t
t=0.30103/0.03012
t=9.99435
Approximately
9.99 years
Answer:
He can buy 4 model cars
Step-by-step explanation:
∵ His total money = the cost of books + the cost of model cars
∵ He buys 6 books and the price of each book is $2
∵ The cost of each model car is $7 , let the number of model cars is c
∵ He has $40
∴ 6 × 2 + 7 × c = 40
∴12 + 7c = 40
∴ 7c = 40 - 12 = 28
∴ c = 28/7 = 4
∴ He can buy 4 model cars
Answer(-2, -1)
Step-by-step explanation:
I guessed and got it right.
Well set it up first. You get: 8.2-(-3.5) so what you do is that you first subtract 8.2-3.5=4.7. Then you want to find out weather it is negative or positive. First point out which one is bigger in this case 8.2 is bigger and a positive so your answer would be positive. Answer: +8.2 or 8.2
