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mojhsa [17]
3 years ago
15

You have a Maxi Card with a $700 limit for this exercise. The card has a monthly finance charge of 1.67%. Fill out the following

table. Your payment each month is $50. You are finished when you have paid it off. Each month, except the first: Balance = last month’s new balance – payment Interest = balance (.0167) New balance = balance + interest
Mathematics
1 answer:
krok68 [10]3 years ago
8 0
Where is the chart? I would love to help


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If $1600 earned simple interest of $56.24 in 2 months, what was the simple interest rate? The simple interest rate is % (Do not
Fiesta28 [93]

Answer:

\$21.1

Step-by-step explanation:

We know that for principal amount P , time period T and rate of interest R\% , simple interest is given by S.I. = \frac{P\times R\times T}{100} .

Here ,

P=\$1600\\T=2\,\,months=\frac{2}{12}\,\,years=\frac{1}{6}\,\,years\\S.I=\$56.24

To find :  simple interest rate i.e., R\%

On putting values of P\,,\,T\,,\,S.I in formula , we get S.I. = \frac{P\times R\times T}{100}

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Now we need to round off the answer to the nearest tenth .

So, simple interest rate is % = \$21.09 = \$21.1

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3 years ago
If I want to buy a pair of sunglasses and the original price is $120, how much will I pay if they are 50% off? What if they were
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Answer:

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Step-by-step explanation:

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