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Verizon [17]
3 years ago
15

you got a new credit card with an interest rate of 18% compounded monthly and no minimum payment. you go on a shopping spree and

purchase $10,000 worth of clothes and shoes. If you wait 6 months to pay the bill, how much more will you owe than if you had paid the bill immediately?
Mathematics
1 answer:
just olya [345]3 years ago
7 0
The total amount owed after 6 months will be found using the formula:
FV=P(1+r/100*n)^n
P=principle=$10000
r=rate=18%
n=terms=0.5


FV=10000(1+18/2*100)^0.5
FV=$10,440.30651
Thus the amount owed will be $10440.30651
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This week laptops are 25% off. If a laptop costs $340, what is its sale price?
Alexandra [31]

____________________________________________________

Answer:

Your answer would be $255

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Step-by-step explanation:

To solve these kind of problems, what we have to do is find how much of 340 is 25%, and then subtract that number to the original price.

Let's give you some important information in the text:

  • 25% off
  • $340

With the information above, we can solve our problem.

First, we would need to find how much of 340 is 25%, and to do that, we would multiply 340 by 0.25:

340*0.25 = 85

When you solve, you should get 85. But, you're not done yet, we need to find out how much the sales price is, not how much of it is discounted.

In order to find the sales price, we would get our original number (the number it originally cost), and subtract it with the amount of money it's removing (85).

In this case, we would subtract 340 by 85.

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Your FINAL answer should be 255

The sales price of the laptop would be $255.

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