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Hitman42 [59]
3 years ago
5

Guadalupe's credit card has an APR of 23% calculated on the previous monthly balance and a minimum payment of 2% starting the mo

nth after the first purchase her credit card record for the last 7 months is shown in the table below how are her finances charges calculated
Mathematics
2 answers:
Harman [31]3 years ago
8 0
Answer: To find the finance charge you multiply the balance times 0.23 / 12 .

To find the interest charge to an account, you have to multiply the balance by the percent rate (APR). 

The problem in this case is that interest is charged monthly, but the rate is yearly.

To fix this problem, just divide the rate by 12.  
0.23 / 12 
MAXImum [283]3 years ago
7 0

Answer:

Previous balance + new charges-principal paid

Step-by-step explanation:

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arlik [135]

Answer:

x= -3

Step-by-step explanation:

Look at the screenshot, it explains how I got the answer.

3 0
2 years ago
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The critical value t* gets larger as the confidence level increases. True or false?
posledela

Answer:

We can find the critical value t_{\alpha/2}

And for this case if the confidence increase the critical value increase so then this statement is True

Step-by-step explanation:

For a confidence level given c, we can find the significance level like this:

\alpha=1 -c

And with the degrees of freedom given by:

df=n-1

We can find the critical value t_{\alpha/2}

And for this case if the confidence increase the critical value increase so then this statement is True

5 0
3 years ago
(Worth 11 points) I have this semester a unit test and i reallllllly need help wif this question, I will mark you. But im really
olga nikolaevna [1]

Answer:

r u finding the slope? bc the slope is -3/1.5

the y intercept is -3

the x intercept is -1.5

Step-by-step explanation:

hope this helped!!! and if i didnt, im sorryyy!!

8 0
3 years ago
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Identify the value of y<br><br><br> (3y+5)=-4-8y+9+77
noname [10]

Answer:

Y=7

Step-by-step explanation:

(3y+5)= -4 -8y +9 + 77

     -5    -5            

    3y= -9 - 8y + 9 + 77

           +9          -9

    3y=  -8y + 77

    +8y    +8y

      11y = 77

      11y/11    77/11

        y = 7

1. subtract 5 from both sides

2. add -9 and +9 and you get 0

3. add 8y to both sides

4. divide both sides by 11

5. you get y=7

3 0
3 years ago
If you borrow 421$ for nine years at an interest rate of 4% how much will you pay
satela [25.4K]
Interest = (Principal X rate X time)/100
Interest =421*9*4/100
Interest = 151.56 dollars
5 0
3 years ago
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