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
A traingle cannot be right angled and obtuse angled at the same time. Since a right angled triangle has one right angle the other two angles are acute.
