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
Stolb23 [73]
4 years ago
15

Tom Jones has a revolving credit account with an annual percentage rate of 18%. Tom's balance at the end of July was $728.15. Th

e activity for the month was recorded: August 10, a purchase of $136.19 August 15, a payment of $292 August 23, a purchase of $386.78. The billing date is the first day of the month and the billing cycle is the number of days in that month. Determine the average daily balance for August? Round to the nearest cent.
Mathematics
1 answer:
77julia77 [94]4 years ago
8 0

Answer:

$776.96

Step-by-step explanation:

The computation of the average daily balance for August is shown below:

Particulars              Days         Days end balance   Total balance

                                                                                    for the period

                              (A)                   (B)                        (A × B)

Aug 1 to Aug 9         9            $728.15                     $6,533.35

Aug 10 to Aug 14     5            $864.15                     $4,321.70

                                      ($728.15 + $136.19)

Aug 15 to Aug 22    8           $572.34                     $4,578.72

                                     ($864.15 - $136.19)

Aug 23 to Aug 31    9           $959.12                      $8,632.08

                                    ($572.34 + $386.78)

Total                       31                                              $24,085.85

Now the average daily balance is

= $24,085.85 ÷ 31 days

= $776.96

You might be interested in
The diameter, D, of a sphere is 15 . Calculate the sphere's volume, V . Use the value 3.14 for pi , and round your answer to the
sergeinik [125]

Answer:

V= 1767.2

Step-by-step explanation:

V=4/3πr3

(I'm pretty sure I rounded that right. If not it's 1767.15 before rounding. )

4 0
3 years ago
Read 2 more answers
Please answer this simple question!!!
vladimir1956 [14]
Just substitute the value of x from equation 2 in equation 1, 
6y = x - 12
6y = 22 - 12
y= 10/6
y = 5/3

In short, Your Answer would be Option Option B) (22, 5/3)

Hope this helps!
6 0
3 years ago
Use Synthetic Division to divide 6x^3-10x^2+20 by x+1<br><br> Quotient:_____<br><br> Remainder:_____
exis [7]

Answer:

the quotient is 6x^2 - 16x + 16, and the remainder is just 4

Step-by-step explanation:

The polynomial 6x^3-10x^2+20 has coefficients {6, -10, 0, 20}.  Division by the binomial x + 1 requires that we use -1 as the divisor.  The synthetic division setup becomes:

-1   /    6    -10    0    20

                 -6    16   -16

     -----------------------------

          6     -16   16       4

Taking the coefficients {6, -16, 16}, we write the quotient as

6x^2 - 16x + 16, and the remainder as just 4.

6 0
3 years ago
Randi bought a wallet for $8.33. She paid with a $20 bill. Which of the following could be the change she received?
Feliz [49]
I think the answer is $11.67 
8 0
4 years ago
Read 2 more answers
The advertised size of a computer or television screen is actually the length of the diagonal of
andreyandreev [35.5K]

Answer:

37.5 cm

Step-by-step explanation:

See attached for reference.

let the diagonal be x,

By Pythagorean formula:

x² = (22.5)² + (30)²

x = √[(22.5)² + (30)²]

x = 37.5 cm

4 0
3 years ago
Other questions:
  • There are 2 Senators from each of 50 states. We wish to make a 3-Senator committee in which no two members are from the same sta
    12·1 answer
  • Order the following from greatest to least: -12,12,-19,1 and 1/2,5.....
    12·1 answer
  • What is the least common denominator (LCD) for these fractions?
    8·1 answer
  • Red drum, sciaenops ocellatus, is a game fish found in the Atlantic Ocean and in the Gulf of Mexico. A reasonable estimate of th
    12·1 answer
  • There are 14 red marbles and 20 blue marbles in a bag of marbles.
    6·2 answers
  • In ΔTUV, v = 87 inches, t = 12 inches and ∠U=112°. Find the length of u, to the nearest inch.
    5·1 answer
  • I’m not sure what it could be?
    15·1 answer
  • On Tuesday, a local hamburger shop sold a combined total of 576 hamburgers and cheeseburgers. The number of cheeseburgers sold w
    14·1 answer
  • Solve the word problems. The price of a bed was $2600. MDM Yap bought the bed and had to pay an additional 7% GST. (a) What was
    11·1 answer
  • A truck leaves point A traveling 60 mph. After 2 hours, a car leaves point A traveling 90 mph and follows the truck's route. At
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!