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Bas_tet [7]
3 years ago
14

Calculate the unpaid balance, finance charge, and new balance using the unpaid balance method. Note: interest rate is given as a

monthly rate. Previous balance = $179.32 Payments/credits = $85.00 Unpaid balance = $ Monthly rate = 1.25% Finance charge = $ New purchases = $117.42 New balance = $
Mathematics
2 answers:
Karolina [17]3 years ago
5 0

Answer:

The new balance will be $385.04.

Step-by-step explanation:

Previous balance = $179.32

Payments/credits = $85.00

Unpaid balance = 179.32+85 = $264.32

Monthly rate = 1.25%

Finance charge = 0.0125\times264.32 = $3.30

New purchases = $117.42

New balance = 264.32+3.30+117.42 = $385.04

Aleks [24]3 years ago
5 0

Answer:

your wrong on the second 2

Step-by-step explanation:

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olya-2409 [2.1K]

Let <em>a </em>(<em>n</em>) denote the <em>n</em>-th term of the given sequence.

Check the forward differences, and denote the <em>n</em>-th difference by <em>b </em>(<em>n</em>). That is,

<em>b </em>(<em>n</em>) = <em>a </em>(<em>n</em> + 1) - <em>a </em>(<em>n</em>)

These so-called first differences are

<em>b</em> (1) = <em>a</em> (2) - <em>a</em> (1) = 25 - 7 = 18

<em>b</em> (2) = <em>a</em> (3) - <em>a</em> (2) = 51 - 25 = 26

<em>b </em>(3) = <em>a</em> (4) - <em>a</em> (3) = 85 - 51 = 34

<em>b</em> (4) = <em>a </em>(5) - <em>a</em> (4) = 127 - 85 = 42

Now consider this sequence of differences,

18, 26, 34, 42, …

and notice that the difference between consecutive terms in this sequence <em>b</em> is 8:

26 - 18 = 8

34 - 26 = 8

42 - 34 = 8

and so on. This means <em>b</em> is an arithmetic sequence, and in particular follows the rule

<em>b</em> (<em>n</em>) = 18 + 8 (<em>n</em> - 1) = 8<em>n</em> + 10

for <em>n</em> ≥ 1.

So we have

<em>a </em>(<em>n</em> + 1) - <em>a </em>(<em>n</em>) = 8<em>n</em> + 10

or, replacing <em>n</em> + 1 with <em>n</em>,

<em>a</em> (<em>n</em>) = <em>a</em> (<em>n</em> - 1) + 8 (<em>n</em> - 1) + 10

<em>a</em> (<em>n</em>) = <em>a</em> (<em>n</em> - 1) + 8<em>n</em> + 2

We can solve for <em>a</em> (<em>n</em>) by iteratively substituting:

<em>a</em> (<em>n</em>) = [<em>a</em> (<em>n</em> - 2) + 8 (<em>n</em> - 1) + 2] + 8<em>n</em> + 2

<em>a</em> (<em>n</em>) = <em>a </em>(<em>n</em> - 2) + 8 (<em>n</em> + (<em>n</em> - 1)) + 2×2

<em>a</em> (<em>n</em>) = [<em>a</em> (<em>n</em> - 3) + 8 (<em>n</em> - 2) + 2] + 8 (<em>n</em> + (<em>n</em> - 1)) + 2×2

<em>a</em> (<em>n</em>) = <em>a</em> (<em>n</em> - 3) + 8 (<em>n</em> + (<em>n</em> - 1) + (<em>n</em> - 2)) + 3×2

and so on. The pattern should be clear; we end up with

<em>a</em> (<em>n</em>) = <em>a</em> (1) + 8 (<em>n</em> + (<em>n</em> - 1) + … + 3 + 2) + (<em>n</em> - 1)×2

The middle group is the sum,

\displaystyle 8\sum_{k=2}^nk=8\sum_{k=1}^nk-8=\frac{8n(n+1)}2-8=4n^2+4n-8

so that

<em>a</em> (<em>n</em>) = <em>a</em> (1) + (4<em>n</em> ² + 4<em>n</em> - 8) + 2 (<em>n</em> - 1)

<em>a</em> (<em>n</em>) = 4<em>n</em> ² + 6<em>n</em> - 3

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