you have a credit card with a balance of $1256.34 and a 9.5% APR. A late payment fee of $29.00 is added to the principal if you
2 answers:
Answer:
The interest paid will be $9.946 ≈ $9.95.
Step-by-step explanation:
p = 1256.34
r = (monthly)
Now, given is :
A late payment fee of $29.00 is added to the principal if you pay after 5/28. You make a payment for $200.00 on 5/28.
As the payment is made on the last date, so no extra charge will be paid. So, it is simple interest of
Hence, the interest paid will be $9.946 ≈ $9.95.
You might be interested in
<u>Answer</u>:
18 clips for $7.38 is the best value deal.
<u>Step-by-step explanation:</u>
An office is restocking office supplies. The table below shows the cost for the number of boxes of paperclips. We need to find what is the best value is.
To find the best value for money we can check the price of each paperclip.
To check the price of each paper clip we can use the following formula:
Now we can calculate the best value deal as follows:
So, from looking at the prices of each paperclip we can conclude that the 18 clips for $7.38 is the best value deal.
