Ans. Since the annual rate is not compunded (for example, compounded monthly) you will have to pay in interest $27.41, and the total payment is $1,061.41
Step-by-step explanation:
Hi, since the balance is 1 month overdue, it means that you owe 2 months of interest to this obligation, but before we start finding the interest of your credit card, first let´s find the effective monthly equivalent rate for that 17% annual interest rate.
The formula is as follows.
Therefore
So your monthly interest rate is 1.317%. Now let´s find the amount of interests that you have to pay for 2 months. This is the formula.
Where "n" is the period of time in months that you owe to the financial institution. The result of that is:
This way, interest are = $27.41 and the total amount that you will have to pay is:
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Payment=Present Value+Interest=1,034+27.41=1,061.41
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Answer:
(C) There is not sufficient sample evidence to support the original claim.
Step-by-step explanation:
If my claim is in the null hypothesis and I reject the null hypothesis, it means the claim is not supported.
The claim would have been supported if I failed to reject the null hypothesis.
The conclusion would therefore be that there is not sufficient sample evidence to support the original claim.
25/50=0.5
75 x 0.5=37.50
$37.50 is your answer :)
The answer is (2/9)^3 = 0.01097
We will assume A×B = B×A and show that A and B are necessarily the same.
Assume A×B = B×A. Let a ∈ A and b ∈ B. Then (a,b) ∈ A×B. Since A×B = B×A, we have (a,b) ∈ B×A. That is, a ∈ B and b ∈ A. Therefore, a ∈ A implies a ∈ B and b ∈ B implies b ∈ A. So A = B, as we had set out to do.
