1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Colt1911 [192]
3 years ago
11

Terry has a credit card that uses the average daily balance method. For the first 18 days of one of his billing cycles, his bala

nce was $350
Mathematics
1 answer:
Temka [501]3 years ago
4 0

Complete question:

Terry has a credit card that uses the average daily balance method. For the first 18 days of one of his billing cycles, his balance was $350, and for the last 12 days of the billing cycle, his balance was $520. If his credit card's APR is 14%, which of these expressions could be used to calculate the amount Terry was charged in interest for the billing cycle?

(0.14/365 31)(18 $350 + 12 $520 / 31)

(0.14/365 30)(18 $350 + 12 $520 / 30)

(0.14/365 30)(12 $350 + 18 $520 / 30)

(0.14/365 31)(12 $350 + 18 $520 / 31)

Answer:

(0.14/365 30)(18 $350 + 12 $520 / 30)

Step-by-step explanation:

Number of days in a year = 365

Number of days in billing cycle = (18 + 12) = 30

Interest rate per year = 14% = 0.14

Amount charged monthly :

(Monthly rate × average daily balance)

MONTHLY RATE:

(Annual interest / number of days in year) * days in billing cycle

(0.14 / 365) × 30

Average daily balance :

First 18 days ; balance = $350

Last 12 days ; balance = $520

Sum of balance / days in billing cycle

[(18 × $350) + (12 × 520)] / 30

THEREFORE, MONTHLY INTEREST CHARGE :

((0.14 / 365) × 30) ((18 × $350) + (12 × 520) / 30)

You might be interested in
What does 1/4 plus 2/5 equals? Simplify your answer, if possible. 5th grade math.
BigorU [14]

Answer:

13/20

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Branilest and 30 point please answer
Lynna [10]

Answer:

<em>Addition Property of Equality</em>

Step-by-step explanation:

<u>System of Equations</u>

When two equations are given and two variables are unknown in both equations, then we can solve the system in several ways.

One method consists in adding both equations term by term and eliminate one of the variables. That property is called the addition of equalities. Let's consider the equations given in the problem:

5x+4y=-2\\2x-4y=6

If we add both equations, we have

5x+4y+2x-4y=-2+6

Simplifying

7x=4

By adding both equations we managed to eliminate the variable y and could easily find the value of x

x=4/7

Answer: Addition Property of Equality

7 0
3 years ago
Help plzzzzzzzzzzzzzzzzzzzz
bulgar [2K]

Answer:

y = -4

Step-by-step explanation:

First, let's find the slope. Since the line is horizontal, it's slope has to be 0 (this is because slope = rise/run, there is no "rise" in a horizontal line therefore the slope is 0)

Now, we need to find the y-intercept. This is where the line intercepts the y-axis. Looking at the graph, the line intercepts the axis at (0,-4), therefore the y-intercept is -4.

The equation would be:

y=0x-4

y=-4

5 0
2 years ago
What is 3/5 x (times/multiply by) 3/8?
Gennadij [26K]

Answer:

9/40

Step-by-step explanation:

3/5 * 3/8

Multiply the numerators

3*3 = 9

Multiply the denominators

5*8 = 40

9/40

The fraction does not simplify

5 0
2 years ago
Read 2 more answers
I need help bad!!!! Lol
bezimeni [28]
I think b is correct
4 0
3 years ago
Read 2 more answers
Other questions:
  • Find the missing angle.
    8·1 answer
  • I need help fast 30 points
    12·1 answer
  • Use the rules for multiplication by powers of 10 to calculate 3 × 100. a. 3 b. 300 c. 30 d. 3,000
    8·1 answer
  • Solution of the equation
    10·1 answer
  • find the radian measure of an angle at the center of a circle with radius 67.0 cm that intercepts an arc length of 118 cm
    9·1 answer
  • WILL MARK BRAINLIEST!!!<br><br> Solve for the listed Angles of the circle. Question in the picture
    7·1 answer
  • Graph the following features: Slope = 1/3 Y-intercept = 3
    6·2 answers
  • Please helppp
    13·1 answer
  • can you find the lengths and area and type the correct code? Please remember to type in all caps with no space​
    5·2 answers
  • Solve the 2nd degree incomplete equation : 2(x²+x/3)=0
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!