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
Sauron [17]
3 years ago
13

The account balance on April 1st is $50.51. On April 15th, a payment of $15.00 is made. On April 25th, a purchase of $19.27 is m

ade. What is the finance charge if the annual rate is 18%? What is the new account balance?
Mathematics
2 answers:
Ilia_Sergeevich [38]3 years ago
4 0

Answer:

Step-by-step explanation:

Combine the information in the problem and the chart using the average balance method to solve the problem.

The account balance on April 1st is $50.51. On April 15th, a payment of $15.00 is made. What is the average daily balance for the account? What is the finance charge if the annual rate is 18%? What is the new account balance?

matrenka [14]3 years ago
3 0
Hi there!

The true answer is as follows:

Finance charge = $0.76
To get this you need to take the account balance on April 1st and multiply by the annual rate of 18%, which looks like this:

$50.51 × 0.18 = 9.0918
Then you divide your answer by 12 for the months of the year to get:

9.0918 ÷ 12 = 0.75765
Which rounds to $0.76 for you finance charge

New balance = $55.54
To get this you take the account balance on April 1st and subtract the payment of $15.00 and then add the purchase of $19.27 and the finance charge of $0.76, like so:

$50.51 - $15.00 = $35.51 + $19.27 + $0.76 = $55.54

Your friend, ASIAX
You might be interested in
There are 30 students in Mrs. Woodward’s class, and 1/5 of the class has their own cell phone. Of this group of students, 1/2 of
olga_2 [115]

Answer:

3 students

Step-by-step explanation:

There are 30 students in Mrs. Woodward’s class.

\dfrac{1}{5} of the class has their own cell phone, so

\dfrac{1}{5}\cdot 30=\dfrac{1}{5}\cdot \dfrac{30}{1}=6

students have their own cell phones.

\dfrac{1}{2} of those 6 students are allowed to use social media. So,

\dfrac{1}{2}\cdot 6=\dfrac{1}{2}\cdot \dfrac{6}{1}=3

students are allowed to use social media.

3 0
3 years ago
Round 48,382 to the<br>nearest<br>100:<br>1,000:<br>10,000:​
densk [106]
100: 48400
1000:4800
10000:50000
4 0
3 years ago
Factor the expression<br> C^2 - 2c - 63
vagabundo [1.1K]

Answer:

(c + 7) ( c - 9)

Step-by-step explanation:

5 0
2 years ago
Read 2 more answers
i'm supposed to find the distance around this shape and i got it marked wrong on a test but i'm not sure why!
frutty [35]
The top is round so its 0
8 0
3 years ago
Read 2 more answers
Justine charges $25 to wash a dog. She washed 5 dogs on Saturday and then some more on Sunday. She made $325 for the weekend. Ho
Marrrta [24]

Answer

• A. Equation: 25(5 + x) = 325

,

• B. Answer: 8 dogs

Explanation

Given

• Charge to wash a dog: $25.

• She washed 5 dogs on Saturday and then some more on Sunday.

• She made $325 for the weekend.

Procedure

She charges $25 per wash, she made $325 for the weekend, and we know that on Saturday she washed 5 dogs, but we don't know how many she washed on Sunday. Thus, we have to build an equation in which the number of dogs washed on Sunday is represented by x (as we do not know the real number).

Considering that the total money made has to be equal to the multiplication of the charge times the dogs washed, the equation is:

25(5+x)=325

Then, we have to solve for x to know how many dogs did she wash on Sunday.

0. Multiplying the parenthesis

125+25x=325

<em>2. Subtracting 125 from both sides of the equation</em>

125-125+25x=325-12525x=200

<em>3. Dividing both sides of the equation against 25</em>

\frac{25x}{25}=\frac{200}{25}x=8

8 0
1 year ago
Other questions:
  • The students at Midtown Middle school sold flowers as a fundraiser in September and October. In October, they charged $1.50 for
    11·1 answer
  • Can anyone solve part C?​
    6·2 answers
  • Find the charge on the capacitor in an LRC-series circuit at t = 0.05 s when L = 0.05 h, R = 4 ?, C = 0.008 f, E(t) = 0 V, q(0)
    11·1 answer
  • 50x1= what is the answer?​
    6·2 answers
  • A painting crew reported that a job is 3/5 completed. What fraction of the job remains to be done?
    6·2 answers
  • What is the perimeter of the figure?
    12·1 answer
  • Analyze the number line below and answer the question that follows
    12·1 answer
  • What is 25 plus 3947737291746372819193
    7·2 answers
  • PLEASE HELP ME WITH THIS. I DONT GET IT.
    8·2 answers
  • What number is 0.79 more than 0.97
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!