Answer:
A. $7.17
Step-by-step explanation:
We have been given that a mechanic uses his credit card to pay for a compressor that costs $477.95 and does not pay on it until the second month.
We will use compound interest formula to solve our given problem.
where,
A = Final amount after T years,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Periods of compounding,
T = Time in years.
Let us multiply our given rate by 12 to get APR and convert it in decimal form.



Since 1 year equals 12 months, so 1 month will be 1/12 year.
Upon substituting our given values in above formula we will get,




Now let us subtract principal amount from the final amount to get the monthly interest charge at the end of 1st month.


Therefore, the monthly interest charge be at the end of the first month will be $7.17 and option A is the correct choice.
Answer:
2 pounds
Step-by-step explanation:
8 pizzas= 1 pound of cheese
8+8=16
16 pizzas = 2 pounds of cheese
Answer:
The answer is D
Step-by-step explanation:
I wish i can explan but i got to go, piece
The answer is 3. While scale real height is 24 arm is 12. 24/2=12
So6÷2=3
Answer:
45 people are members at the tennis club
Step-by-step explanation:
Let the number of people in the tennis club be denoted as "x".
Since each of them donated $12.45, then total donated = 12.45x
Since they had $50.25 left over after paying the cost of $510 for the ball, then;
12.45x - 510 = 50.25
12.45x = 510 + 50.25
12.45x = 560.25
x = 560.25/12.45
x = 45