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Bond [772]
4 years ago
13

How is a finance charge calculated

Mathematics
1 answer:
GuDViN [60]4 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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I need help with this????
Mars2501 [29]

Answer:

A

Step-by-step explanation:

X is either larger than -1 or smaller than 3 which is demonstrated in the equation in option A

3 0
3 years ago
Consider lines An and CD
vichka [17]

Answer:

slope of AB = 2

slope CD = 2

Step-by-step explanation:

the equation of a line is y = ax+ b  where a is the slope, b is the y-intercept

let us take  yB - yA

→ yB - yA = axB <u>+ b</u> - axA <u>- b</u>

→ yB - yA = a(xB - xA)

→ a = (yB - yA) / (xB = xA)   =  (6 - 2) / (-5 - (-7)) = 2

same goes for line CD

5 0
3 years ago
Simplify the expression 63 + 5(4 − 2). Select one: a. 28 b. 36 c. 226 d. 234
deff fn [24]
<span>6^3 + 5(4 − 2)
= </span><span>216 + 5(2)
</span><span>= 216 + 10
= 226

based on multiple choice options, 63 =  6^3

so answer is </span><span>c. 226</span>
3 0
3 years ago
Read 2 more answers
What is the rate of change of a line that passes through the points (-3,5) and (2,-1)?
lara [203]

Answer:

3/4

Step-by-step explanation:

The slope of the line is

m = (y2-y1)/(x2-x1)

   = (-2--5)/(6-2)

   = (-2+5)/(6-2)

    =3/4

6 0
3 years ago
Travis has a customer who wants to purchase a portable CD player for $45 at a 20% discount. What is the amount of the discount?
kherson [118]
Just do 45x0.2 then take that number off of $45 thats your answer
8 0
3 years ago
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