There is a fraction form and decimal form. The decimal form would be the same: 8.517, but the fraction form will be 8517/1000 since the 7 ends on the 1000's place, so you can remove the decimal and put it over 1000.
Decimal form: 8.517
Fraction form: 8517/1000
Also another fraction form is having mixed numbers:
Answer:
15 ≥ t÷5
Step-by-step explanation:
Annual Rate = 16% = 16/100 = 0.16
Monthly Rate = (annual rate)/12
Monthly Rate = (0.16)/12
Monthly Rate = 0.01333 ... this is approximate
Finance Charge = (Monthly Rate)*(Previous Balance)
Finance Charge = (0.01333)*(179.32)
Finance Charge = 2.3903356
Finance Charge = 2.39
The purchases and payments do not factor in the finance charge since they are made during this current billing cycle. The previous balance method only looks at the balance at the end of the previous cycle.
Once the finance charge is calculated, we add on the new purchases and the finance charge to the old balance. We also subtract off the payments/credits. Doing all this calculates the new balance for this billing cycle.
New Balance = (Old balance) + (Purchases) + (Finance Charge) - (Payment)
New Balance = 179.32 + 117.42 + 2.39 - 85
New Balance = 214.13
In summary,
Finance Charge = $2.39
New Balance = $214.13
The answer would be d. Hope it helps! If anyone else answers, can you vote my answer to be the brainiest? Thanks!