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Colt1911 [192]
3 years ago
14

Athena uses her credit card to buy some clothes for $738.14. She can pay off up to $265 per month. The card has an annual rate o

f 17.9% compounded monthly. How much total interest will she pay?
Mathematics
1 answer:
s344n2d4d5 [400]3 years ago
3 0
You can use the following online calculator to answer your question.  http://www.arachnoid.com/lutusp/finance.html  you would make the folowing entries:  Present Value = 738.14 Future Value = 0 Number of Payments is left blank because you want to solve for that. Payment Amount = -265.00 Interest Rate per period = 17.9% per year divided by 12 =  1.491666667% per month. Payment At is at End.  click on the NP button and it will tell you the number of months required for the loan to be fully paid off.  the calculator will show you that it will take 2.87 months for you to fully pay off the loan of $738.14 when you are paying it off at $265.00 at the end of each momth and the interest rate if  1.491666667% per month.  now that you know how long it takes for you to pay it off, you can determine what the interest amount is that you paid.  multiply your payment of 265 per month by 2.87 months to get a total payment of $ 760.55 your loan was for $738.14.  the difference is the amount of interest you paid.  that will be $760.55 - $738.14 =<span> <span>22.41</span></span>$\  you paid $22.41 in interest. 

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Tyler wants to buy a new tub and that cost $312. He has already saved the plan to save $24 per week over the next few weeks whic
laila [671]

Answer:

13 weeks

Step-by-step explanation:

Given that :

Cost of new tub = $312

Planned saving per week = $24

The number of weeks he'll have to save in other to be able to afford the tub can be obtained using the relation :

Number of weeks = cost of new tub / weekly saving

Number of weeks = $312 / $24

Number of weeks = 13 weeks

5 0
2 years ago
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3 years ago
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vodka [1.7K]
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3 years ago
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Roman55 [17]

Answer:

equation of a line:

y = mx+c

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6 0
3 years ago
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VashaNatasha [74]

Answer:

p = 3.6666(repeating)

Step-by-step explanation:

3/5(p-3)=-4

We simplify the equation to the form, which is simple to understand  

3/5(p-3)=-4

Simplifying:

+ 0.6*(p-3)=-4

Reorder the terms in parentheses

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Remove unnecessary parentheses

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We move all terms containing p to the left and all other terms to the right.  

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We simplify left and right side of the equation.  

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We divide both sides of the equation by 0.6 to get p.  

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4 0
3 years ago
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