$2.25x+$3.50=$35
so, $35-$3.50=$31.50
Then you divide $31.50 by $2.25
That equals 14
So, x=14
In this case, the total number of questions in the test is 50. The possible outcome for the question would be answered wrong, answered correctly or not answered. To know the amount of the correct answer, you need to multiply the incorrect with correct/incorrect ratio. The equation would be:
correct answer: 9 answer * 7/3= 21 answer.
Then for this test misty has:
9 incorrect answer
21 correct answer
20 blank/ not answered
Adjusted balance = 622.82 - 45.45 + 78.91 + 16.36 = 672.64
Adjused balance method finance charges = 672.64 x 0.1195/12 = 6.70
Average daily balance = ((622.82 x 3) + (577.37 x 6) + (656.28 x 15) + 672.64 x 6)) / 30 = (1868.46 + 3464.22 + 9844.20 + 4035.84) / 30 = 640.42
Daily balance method finance charges = 640.42 x 0.1195/12 = 6.38
Explanation:
let's break down the expression to get the final result:
