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
To the nearest tenth, what is the BEST estimate of the value of 3/8?
8090 [49]
Yesssssssssssssssssssssssssssssssssssssssssssssssssssssssssss
7 0
3 years ago
What is 80 percent of 50
svet-max [94.6K]
40 Why? 80%x X=50 or 80/100x X=50
3 0
3 years ago
WILL GIVE BRAINLIST SOON AS I CAN. please help.​
VARVARA [1.3K]

Answer:

201.2

Step-by-step explanation:

area= s^2n

        -----------  ( 180)

         4+9        ---------

                          ( n )

Area equals S squared n over four plus nine times ( 180 over n )

5 0
3 years ago
Plz I need help as soon as you see this... and I need the work so I understand it plz!​
poizon [28]

Answer:

8. Obtuse

11. Obtuse

Step-by-step explanation:

c^2 = a^2 + b^2

for 8, it's 6 squared plus 9 squared, which is 117. now, 15 squared is 225. 225 is bigger than 117, which makes it obtuse. if the two results equaled each other, it would be a right triangle. if the 2 smaller numbers when squared were bigger than the hypotenuse squared, then it would be acute

4 0
3 years ago
PLEASE HELP!!! WILL GIVE BRAINLIEST AND 20 POINTS!!!
BARSIC [14]
The answer is D because then triangles DEF and ABC would mapped onto one another
4 0
3 years ago
Read 2 more answers
Other questions:
  • Help ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    5·1 answer
  • Say a random useless fact
    12·2 answers
  • This is math can someone help me
    11·2 answers
  • What is the measure of interior angle ABC of the regular polygon shown?
    8·1 answer
  • What is the simplest form of 6/18
    11·2 answers
  • The area of a square is decreasing at a rate of 43 square inches per second. At the time when the side length of the square is 7
    14·1 answer
  • 1. Increase £92 by 40%
    5·1 answer
  • In sunlight, a vertical yardstick casts a 1 ft shadow at the same time that a nearby tree casts a 15 ft shadow. How tall is the
    12·2 answers
  • QR is the midsection of triangle GHJ, what is the length of QR?
    10·1 answer
  • If you figure out these questions I’ll give you brainliest
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!