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Bond [772]
3 years ago
13

How is a finance charge calculated

Mathematics
1 answer:
GuDViN [60]3 years ago
6 0

Answer:

option A. Multiply the unpaid balance by the monthly interest rate

Step-by-step explanation:

Finance charges are the monthly service fee charged by lender on the credit used by borrower if they wish to skip the payment of monthly bill and carry forward it to next month.

So, we can calculate finance charges as monthly interest accrued on the unpaid balance.

Finance charges = Unpaid balance x Monthly interest rate.

Hence, option A is correct, i.e. Multiply the unpaid balance by the monthly interest rate.

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A company sells tents in two styles, shown below. The sides and floor of each tent are made of nylon. Which tent requires less n
BartSMP [9]

Answer:  Tunnel tent.

Step-by-step explanation:

The tent which has the minimum area requires less nylon to manufacture,

Since, the area of Pup tent = Area of 3 square each having side 8 ft + Area of 2 equilateral triangle having side 8 ft

= 3 \times ( 8^2 ) + 2\times \frac{64\sqrt{ 3} }{4}

=  192+ 2\times \frac{64\sqrt{ 3} }{4}

= 192+ 32\sqrt{ 3}

= 247.425625842\approx 247.43\text { square ft}

Now, the area of tunnel tent = Area of square having side 8 ft + total Area of half cylinder having radius 4 ft and height 8 ft

= 8^2 + \frac{1}{2} [ 2\pi\times 4(4+8)]

= 64 + \pi\times 48

= 64 + 3.14\times 48

= 214.72\text { square ft}

Since, 214.72 < 247.43

Thus, Tunnel tent requires less nylon to manufacture.

4 0
4 years ago
Find the slope if it exits 2x-5y=6
77julia77 [94]
In standard form, slope is always the negative of the x coefficient over the y coefficient.

If you dont want to have that memorized, you can use algebra to get the equation of the line into slope-intercept form (y=mx+b)

Set it equal to y

2x - 5y = 6
2x = 5y + 6
2x - 6 = 5y
(2/5)x - 6/5 = y
Now it is in slope intercept form. In slope intercept form, the coefficient multiplying with x is the slope of the line. Therefore, the slope equals 2/5.
6 0
3 years ago
Read 2 more answers
What is 100 divided by 6
iren2701 [21]
100/6 = 16.66 rounds to 16.7
6 0
3 years ago
You pay for a $500 purchase using a credit card. The credit card company charges a 24% interest rate, compounded monthly ,on the
mezya [45]

Answer:

530.60 for interest on 3 months you don't make any payments

3 0
3 years ago
Six times a number is equal to 30.5 more than the number. Find the number
saul85 [17]

Answer:6.1

Step-by-step explanation: the equation is 6n=30.5+n. the first thing you you do is subtract n on both sides which would be 6n-n which gives you 5. the equation now is 5n=30.5. now what you do is divide 5 on both sides so it would be 30.5/5 and that gives you 6.1

6 0
3 years ago
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