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:
Paul will have no more than $ 450 in next 8 weeks.
Step-by-step explanation:
From the information given on statement, we know that Paul saves all of his earnings weekly. Then, the money save is equal to the sum of initial amount (
), measured in monetary units, and week earning (
), measured in monetary units, multiplied by a number of weeks (
), dimensionless:
(1)
Now we clear the number of weeks within the formula:

If we know that
,
and
, then the number of weeks is:


Paul will have no more than $ 450 in next 8 weeks.
You just need to foil. 2x times 4x times 2x times 36 times 24 times 4x times 24times 36. then solve.
Answer:
no it's not possible
Step-by-step explanation:
because the bases of an exponential function and its equivalent logarithmic function are equal