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
cestrela7 [59]
3 years ago
5

Jalen has a balance of $1870 on a credit card with an APR of 19.7%, compounded daily. About how much will he save in interest ov

er the course of a year if he transfers his balance to a credit card with an APR of 16.5%, compounded monthly. (Assume that Jalen makes no payments or new purchases during the year, and ignore any possible late payment fees.)
Mathematics
1 answer:
Andrei [34K]3 years ago
8 0
The formula is
A=p (1+r/k)^kt
A future value
P present value
R interest rate
K compounding periods
T time

When the compounding periods are daily balance after one year is
A=1,870×(1+0.197÷365)^(365×1)
A=2,277.06

When the compounding periods are monthly balance after one year is
A=1,870×(1+0.165÷12)^(12×1)
A=2,202.99

So will save
2,277.06−2,202.99
=74.07....answer

Hope it helps!
You might be interested in
Cans someone pls give me the answer to this?
romanna [79]

Answer:the value drops 100$ every 3 years

Step-by-step explanation:

moves down 100 every three years

8 0
2 years ago
Drag the vertices of the triangle below to draw a triangle with 30 degrees, 50 degrees, and 100, degrees angles.
s2008m [1.1K]

Answer:

Google GoGeometry problem 1288 and it will have a diagram for you

4 0
3 years ago
Ms jenkins has a grass lawn that is 24m wide and 30m long. mr jenkins cuts the grass at a reate of 9m per minute. how long will
Kisachek [45]

It will take Mr. Jenkins 1 hr and 20 minutes to cut all the grass.

To know how long it will take Mr. Jenkins to cut all the grass, get the total area of the lawn and divide it by the rate Mr. Jenkins cut the grass.

The area of the lawn can be calculated using the formula for the area of a rectangle given by:

A = l x w

where l is the length and w is the width.

Using this formula, the grass lawn that is 24 m wide and 30 m long has an area of:

A = l x w

where

l = 30 m

w = 24 m

A = 30 m x 24 m

A = 720 m^2

Meanwhile, the time it will take Mr. Jenkins to cut the grass lawn with an area of 720 m^2 can be computed using the rate.

amount = rate x time

720 m^2 = 9 m^2/minute x t

t = 720 / 9

t = 80 minutes = 1 hr 20 minutes

To know more about rate, visit brainly.com/question/24950565.

#SPJ4

5 0
1 year ago
James and Brandon both bought a drink from the store. James drank 3/4 of his drink. How many eights did brandon drink?​
maksim [4K]

Answer:

6/8

Step-by-step explanation:

3/4.

3×2=6.

4×2=8.

6/8.

5 0
3 years ago
Please answer!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
mezya [45]

Answer:

D

Step-by-step explanation:

You have 2 5 12 13 right triangles.

x = 2 * 5

x = 10

4 0
3 years ago
Read 2 more answers
Other questions:
  • 37 chairs and 6 tables if The same number of chairs is placed at each table how many chairs can be placed at each table
    14·1 answer
  • Is 30 and 138 relatively prime
    10·2 answers
  • Hello there! <br><br> Can I get some help? Don't forget to show your work :) <br><br> Thanks!
    14·1 answer
  • Wendy and Mini earn $49 per week for delivering magazines. Wendy worked for x weeks and earned an additional total bonus of $18.
    5·2 answers
  • If Suzannah's budget limit is $10 per month, how many text messages can she send in one month?
    10·2 answers
  • The five patterns are: circle, plus sign, wavy lines, empty box, and star. One hundred trials were conducted, and your very impr
    13·1 answer
  • Find the nth term of
    6·1 answer
  • Five times a number minus twice another number equals twenty-two. The sum of the numbers is three. Let the first number = x and
    12·1 answer
  • There are 150 students in your 8th grade and 3/5 of these students are girls. 2/3 of the girls participate in after school activ
    8·1 answer
  • Help me as quickly as possible!! thank you
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!