Answer:
$86.81
Step-by-step explanation:
Using the given formula, we want to compute A for ...
P = 4750
r = 0.2279
n = 365 . . . . . assuming "exact" interest
t = 1 or 30
For 1 day late:
A = 4750(1 +0.2279/365)^(365·(1/365)) = 4752.97
For 30 days late:
A = 4750(1 +0.2279/365)^(365·(30/365)) = 4839.78
The difference in these payment amounts is ...
$4839.78 -4752.97 = $86.81
You would save $86.81 in interest charges by paying only 1 day late.
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<em>Comment on the question</em>
It would be a poor choice of credit card to use one that compounds interest daily. Most do so on a monthly basis.
Answer:
6x
Step-by-step explanation:
Step 1: Write equation
x + 2x + 3x
Step 2: Combine like terms
3x + 3x
6x
Answer:
Step-by-step explanation:
[{((7^2)+1)-5}*3]
=[{(49+1)-5}*3]
=[{50-5}*3]
=[45*3]
=135
One less than twice a number is seventeen.
Answer:
$5.91
Step-by-step explanation:
3+2*0.50+5*0.25+6*0.10+2*0.05+0.01=$5.91
