1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Find the sum of the squares of the roots of 3x^2 + 4x + 12 = 0
Contact [7]

Answer:

-56/9

Step-by-step explanation:

Let p and q be the roots of the equation.

So, here's how we're gonna work it out:

{p}^{2}  +  {q}^{2}  =  \\  {p}^{2}  +  {q}^{2} +2 pq - 2pq =   \\ ( {p}^{2}  +2pq +   {q}^{2}) - 2pq =  \\  {(p + q)}^{2}  - 2pq

Vieta's formulas give us the sum and the product of the roots of a quadratic equation. Using them we obtain:

  • p + q = -b / a = - 4 / 3
  • p × q = c / a = 12 / 3 = 4

{(p + q)}^{2}  - 2pq =  \\  {( -  \frac{ 4}{3} )}^{2}  - 2 \times 4 =  \frac{16}{9 }  - 8 =  \\  \frac{16 - 72}{9}  = - \frac{56}{9}

4 0
3 years ago
A survey of 100 people in New York City, NY found that.
S_A_V [24]

Answer: 0.9

Step-by-step explanation:

\mathrm{Total \ sample \ space \ $=100$} \\\mathrm{Event \ $A = \ taking \ subway \ each \ day}$$P(A)=0.85$$Event $B=$ taking taxi $\because P(B)=0.6$$$P(A \cap B)=0.55$$

\begin{aligned}P(A \cup B) & \Rightarrow \text { Person taking either taxi/subway } \\&=P(A)+P(B)-P(A \cap B) \\&=(0.85-0.555)+(0.6-0.55)-0.55 \\&=1.45-0.55\\&\bf{=0.9} \end{aligned}

7 0
2 years ago
1.) Vivian combined different amounts of white paint, blue paint, and green paint to make 145 milliliters (ml) of paint of a new
Ivahew [28]
So here are the answers to the given questions above:
1. Since the equation is already given, what we are going to do is to solve for x first. 
<span>x + (2x – 10) + 1/2 (2x – 10) = 145
x + (2x -10) + x - 5 = 145
x + 2x + x - 10 - 5 = 145
4x = 145 +10 + 5
4x = 160 <<divide both sides by 4 and we get
x = 40.
Therefore, the amount of white paint is 40ml.
The amount of blue paint is 70ml and the green paint is 35ml.
So the difference between the a</span><span>mounts of white paint and blue paint Vivian combined is 30ml.
2. T</span>he equation of the line that passes through the points (-2, 1) and (1, 10) would be: <span>3x - y = -7, the last option. In order to check, just plug in the given ordered pairs.</span>
3 0
3 years ago
Count by fives from 135!to 175 describe the pattern
irina1246 [14]
5 10 15 20 25 30 35 40 45 50 55 60 64 70 75 80 85 90 95 100, 105 110 115 120 125 130 (135) 150 155 160 165 170 (175)
 Five multiplied each number.

Hope I helped!

-RainyClouds~
5 0
2 years ago
Please help I will give brainly and show your work also :)
hoa [83]
Use a calculator what?
6 0
3 years ago
Read 2 more answers
Other questions:
  • Are these expressions equivalent?(-2.6) + (-2.9) + (-7.1) and – (2.6+2.9+7.1) Why or why not?
    12·2 answers
  • If 6 is 24% of a number, what is 40% of the same number?
    8·1 answer
  • Factor 13x2 + 13x + 9x + 9 = 0​
    14·1 answer
  • Ill give you 22 brainly if you answer this
    13·1 answer
  • Graph the linear equation. Y= - x/3 +4
    7·1 answer
  • 21. Margo worked 95.25 hours in 15 days. What is the average amour
    8·1 answer
  • Can i get your help please <br> Simplify: 176/14
    5·2 answers
  • A carton holds 24 packets of biscuits. Each packet has 12 biscuits. How many biscuits can be packed in 45 cartons?
    12·1 answer
  • 1) Simplify the product using the distributive property.
    10·1 answer
  • Plz help!! 30 points!!
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!