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:
its 23/36
Step-by-step explanation:
Newton's law of cooling states that under forced convection (which is assumed to be true), then
dT(t)/dt = -k(T(t)-Ta)..............(1)
T(t)=temperature
Ta=ambient temperature=40F
k=cooling constant = 0.1947
T(0)=98.6F (assuming victim did not have fever)
Integrate (1)
T(t)-Ta=(T(t)-T(0))e^(-kt)
Solve for t
(T(t)-Ta)/(T(t)-T(0)) = e^(-kt)
take log:
-kt=log_e((T(t)-Ta)/(T(t)-T(0)))
substitute T(t)=80F, Ta=40F,T(0)=98.6F
-kt=log_e((80-40)/(98.6-40))=-0.38186
t=0.38186/0.1947
=1.96, or almost 2 hours (assuming k=0.1947 is in hours)
Answer:
$ 17.35
Step-by-step explanation: