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
Vilka [71]
3 years ago
7

Andy has a remaining unpaid balance of $845 on his credit card. His credit card company has an APR of 18 percent. How much will

Andy pay in interest for one month?
$12.68
$152.10
$15
$1.25
Business
2 answers:
Phoenix [80]3 years ago
6 0
Interest paid
Unpaid balance×APR×(1/12months)

Interest paid=
845×0.18×(1÷12)
=12.68

So the answer is a

Hope it helps!
FrozenT [24]3 years ago
4 0

Answer:

$12.68

Explanation:

Interest is calculated using the formula below. As the consideration for this question is a single month, compounding interest does not need to be considered:

I = P(1+rt)-P

where I is interest, P is the principal amount, r is the interest rate and t is the time of investment

APR is converted to monthly interest rate by dividing by 12 (for the number of months).

P = $ 845

r = 18% annually = 1.5% monthly

t = 1 month

I = P(1+rt)-P

I = 845*(1+0.015*1)-845

I = 845*(1.015)-845

I = 857.675-845

I = 12.68

You might be interested in
A reading researcher does what
Dmitry_Shevchenko [17]

Answer:

They reveal how the author(s) interpreted the findings of their research and presented recommendations or courses of action based on those findings.

Explanation:

7 0
2 years ago
Seller Vaughn is very pleased with the way his home sale was handled by agent Brad. He decides to pay a bonus to Brad. On what c
Vladimir [108]

Answer:

d. Vaughn May pay the bonus to Brad's broker, who may then pay Brad.

Explanation:

Generally bonuses are included in the sales contract. If an owner believes that the agent made a great job and deserves an additional bonus, the bonus should be paid to the agent's broker. When the seller is paying the additional money to the broker, they should specify that it belongs to the agent. If the bonus is actually paid to Brad and in what percentage depends on the agreement that he has with his broker.  

3 0
3 years ago
Which dimension of the general environment represents the demographic characteristics, norms, customs, and values of the populat
BARSIC [14]

Answer:

c. Sociocultural dimension

Explanation:

The sociocultural dimension of the general environment takes into account the demographic traits of society such as age, race, religion etc. as well as the  society's attitudes and cultural values. It is important for businesses to operate in ways that respect the sociocultural environment within which they operate.

7 0
3 years ago
Economic problem you face as an individual​
Stells [14]

Answer:

I'm spending WAY too much money on my favorite snack which are purple Doritos. / The Dorito company is having a huge shortage of my favorite snack which are the purple Doritos and I don't know what to do!

Explanation:

Remember what economics is when you are asked this question. Economics basically are along the lines of distribution and consumption of goods could mean internationally or it could just mean in your state. If you have a favorite snack that you like to buy from stores whenever you go to them, you buying and taking that snack is basic economics, you have a demand for that product because you like it so much, and they (owners of the snack) have a supply of that demand so you then spend money (currency) in order to get that demand or snack which is basic economics. A problem in this scenario would be you spending too much money on your favorite snack, or the supplier of that snack is having a shortage and you can't buy your favorite snack as much as you want.

Hope this helps.

7 0
3 years ago
Read 2 more answers
What is the purpose of an inspection report ​
Reptile [31]
<h2>Answer:</h2><h3>The purpose of inspection reports is to document the inspection scope, observation, and findings</h3><h3>of inspections conducted by the NRC. </h3>

<h2>Explanation:</h2><h3>The NRC performs inspections to oversee the commercial nuclear industry to determine </h3><h3>whether its requirements are being met by licensees and their contractors.</h3>
5 0
3 years ago
Other questions:
  • If deflation occurs and your income is fixed, your real income:
    5·1 answer
  • Which of the following statements is correct?
    9·1 answer
  • As a factor of production, what is capital
    7·1 answer
  • You decide to quit your $60,000-per-year job as an information technology specialist and illustrate children's books. At the end
    13·1 answer
  • Network Inc, a British software company, is setting up a new firm in India. Nathan, the manager, has arranged a training program
    9·1 answer
  • After you have put a marketing plan in place, it is important to do what
    5·2 answers
  • Sometimes speakers eliminate details from their speeches in an attempt to influence audience opinion. This concern relates to wh
    11·1 answer
  • Alpha Mining Company recognizes $2 of depletion for each ton of ore mined. During 2016, 850,000 tons of ore were mined and 725,0
    6·1 answer
  • Meredith, the General Manager at Gladfle Inc., is planning to use certain new strategies to control and reduce the health care b
    10·1 answer
  • Given that Jacob's Chocolates Company had beginning retained earnings of $4,000; net income during the period of $10,000; and di
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!