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
Over [174]
3 years ago
15

Gregory has a credit card with a 30-day billing cycle and an APR of 11.95%. The following table shows Gregory’s credit card tran

sactions for the month of April.
Date
Amount ($)
Transaction
4/1
622.82
Beginning balance
4/4
45.45
Payment
4/10
78.91
Purchase
4/25
16.36
Purchase

Between the adjusted balance method and the daily balance method, which method of computing Gregory’s April finance charge will result in a greater finance charge, and how much greater will it be?
a.
The daily balance method will have a finance charge $0.09 greater than the adjusted balance method.
b.
The daily balance method will have a finance charge $0.54 greater than the adjusted balance method.
c.
The adjusted balance method will have a finance charge $1.40 greater than the daily balance method.
d.
The adjusted balance method will have a finance charge $0.86 greater than the daily balance method.
Mathematics
2 answers:
Elina [12.6K]3 years ago
5 0

The answer it's "b".

Luba_88 [7]3 years ago
3 0
Adjusted balance = 622.82 - 45.45 + 78.91 + 16.36 = 672.64
Adjused balance method finance charges = 672.64 x 0.1195/12 = 6.70

Average daily balance = ((622.82 x 3) + (577.37 x 6) + (656.28 x 15) + 672.64 x 6)) / 30 = (1868.46 + 3464.22 + 9844.20 + 4035.84) / 30 = 640.42
Daily balance method finance charges = 640.42 x 0.1195/12 = 6.38
You might be interested in
write the equation of a Line In slope-intercept form with the Y intercept at the origin and a slope of 2​
Kobotan [32]

Slope Intercept Form: y = mx + b

Slope: 2

Y-Intercept: 0

Therefore, the slope intercept form of the given values would look like this:

y = 2x + 0 or just y = 2x

Have a great day!

5 0
3 years ago
Read 2 more answers
Simplify 3ab + 4ab + 5
adelina 88 [10]
7ab+5 is the simplest it can be 
4 0
3 years ago
5/6v+10=5 what is the answer
yulyashka [42]

Answer:

x= -3/2

Step-by-step explanation:

You would multiply both sides by 6x+10 and then that would give you 5-5)6x+10) and you would divide both sides by 5. This would give you 1=6x+10, you would then try to isolate the 6x giving you -6x=10-1  or -6x=9 and you would see if the solutions are in the defined ranges so x=-5/3 is NOT in the defined range but x=-3/2 is.

6 0
3 years ago
2) A foul ball leaves the end of a baseball bat and travels according to the function
sladkih [1.3K]

Answer:

5

Step-by-step explanation:

7 0
3 years ago
Find the area of the shaded segment. Round your answer to the nearest square centimeter. Will make brainliest answer if correct
allochka39001 [22]
First find the area of the circle using A=pi*r^2
pi*36
Then divide this by 4 because the shaded region is 1/4 of the circle
(36*pi)/4=9*pi
Final answer: B
6 0
3 years ago
Other questions:
  • Which number is written in scientific notation? <br><br> 6x10^11<br> 12x10^-8<br> 0.2x10^5<br> 8x7^2
    14·2 answers
  • WILL MARK BRAINLIEST PLEASE HELP ASAP. The value of n is a distance of 1.5 units from -2 on a number line.
    14·2 answers
  • Using the following equation, find the center and radius of the circle. You must show all work and calculations to receive credi
    8·2 answers
  • Consider the function f(x)=x^2-5. If g(x)=f(x-7), what can be said about g(x)? check all that apply
    11·1 answer
  • How do i do this equation <br> -3(-2y-4)-5y-2=
    10·2 answers
  • What is the domain of f?
    12·1 answer
  • In ΔXYZ, x = 5.2 inches, y = 9.8 inches and z=7.1 inches. Find the measure of ∠Z to the nearest degree.
    14·2 answers
  • Three fourths of a class brought bundles of old papers to school. If 40 students were in class, how many students brought papers
    5·1 answer
  • Help a friend in need
    9·1 answer
  • How to find the width of a rectangle if it's missing <br> A=21<br> L=7<br> W= ?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!