Jesse owes $8,473 on a credit card with a 21.5% interest rate. What is the monthly payment he should make to pay off this debt i
n 12 months, assuming he does not charge any more purchases with the card?
1)
$706.08
2)
$164.57
3)
$790.99
4)
$2,016.54
1)
$706.08
2)
$164.57
3)
$790.99
4)
$2,016.54
1 answer:
You can use an online credit card calculator in computing the monthly payment. Refer to the attachment for the answer and graph. The given are the following: balance - 8,473; interest rate - 21.5%; months - 12. The answer is the third option - you'll need to pay <span>$790.99 every month for 12 months.</span>
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Answer:
Neither
Explanation:
The slope-intercept form of the equation of a line is generally given as;
where m = the slope of the line
b = the y-intercept of the line
Two lines are said to be parallel if they have the same slope. Looking at the two given equations below, we see that the slope of the 1st one, 5/7, is different from the slope of the 2nd one, 7/5;
Two lines are said to be perpendicular if their slopes are negative reciprocals of each other, let's go ahead and compare their slopes;
So the two lines are not perpendicular to each other. It, therefore, means that the correct answer will be Neither.