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3 years ago

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

If two tangent segments to a circle share a common endpoint outside a circle, then the two segments are

matrenka [14]

If two tangent segments to a circle share a common endpoint outside a circle, then the two segments are congruent. This is according to the intersection of two tangent theorem. The theorem states that given a circle, if X is any point within outside the circle and if Y and Z are points such that XY and XZ are tangents to the circle, then XY is equal to XZ.

4 0

3 years ago

A rectangle has perimeter, P, length, land width, w. Which of the following represents lin

almond37 [142]

Answer:

$l=\frac{P}{2}-w$ .

Step-by-step explanation:

The perimeter of a rectangle is the sum of it's side lengths.

A rectangle has 4 sides where it's opposite sides are congruent.

So if one side has measurement w, then there is another side that has measurement w.

If there is one side that has measurement l, then there is another side that has measurement l.

So if you add w+w+l+l you get 2w+2l.

They are giving us that the perimeter is P, so P=2w+2l.

we are being asking to solve for l.

P=2w+2l

First step: Isolate term that contains the l, so get 2l by itself first.

We are going to subtract 2w on both sides giving us:

P-2w=2l

2l=P-2w

Now that we have 2l by itself it is time to perform the last step in getting l by itself.

Second step: Divide both sides by 2.

This gives us:

l=(P-2w)/2

You may separate the fraction like so:

$l=\frac{P-2w}{2}=\frac{P}{2}-\frac{2w}{2}=\frac{P}{2}-w$ .

I don't know your options but I have solve for l in terms of P and w

and got $l=\frac{P}{2}-w$ .

Please let me know if you have further questions with this problem.

4 0

3 years ago

REN fine six peanuts, four raisins, 3 cranberries, and 5 chocolate chips in a handful of trail mix. For every 9 pieces in Ren's

tankabanditka [31]

Answer:

2 raisins.

Step-by-step explanation:

Let x represent total number of required ingredient.

We have been given that Ren finds 6 peanuts, 4 raisins, 3 cranberries, and 5 chocolate chips in a handful of trail mix. We are asked to find of which ingredient Ren will have 2 pieces for a total of 9 pieces.

First of all, we will find total number of ingredients by adding each ingredient as:

$\text{Total number of ingredients}=6+4+3+5$