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
levacccp [35]
3 years ago
15

Jill has a balance of $5,000 on one credit card with an annual interest rate of 10%. To pay off the $5,000 in three years, Jill

will have to make a minimum payment of $161.34 per month. On a second credit card, Jill has a balance of $5,000 with an annual interest rate of 5%. To pay off the $5,000 in three years, Jill will have to make a minimum payment of $149.85 per month.
How much more does Jill have to pay when the interest rate changes from 5% to 10% on a $5000 balance?
Mathematics
2 answers:
Komok [63]3 years ago
4 0

Answer:

$413.64

Step-by-step explanation:

$161.34 - $149.85 =$11.49 more per month

$11.49 x 36 months = $413.64

Tamiku [17]3 years ago
3 0
Given:

First credit card:
P = $5,000
i = 10%
n = 3 years 
A = $161.34/month

Second credit card:

P = $5,000
i = 5%
n = 3 years 
A = $149.85/month

If the interest rate of the other card will increase from 5% to 10%, she will have to pay an additional of:

$161.34 - $149.85 / month = $13.49 more per month

Therefore, Jill will have to pay $322.68/month instead of $311.19/month with a monthly difference of $13.49 per month, for three years, if the interest rate changes from 5% to 10% on a $5,000 balance. 
You might be interested in
QUICK HELP ME!!!!!!!!!
lukranit [14]

Answer:

Pulling a vowel.

Explanation:

The vowels of the alphabet include A, E, I, O, U, and sometimes Y. Four of the alphabet vowels are included in the word "probability" either once or twice. The chance of pulling a vowel is much greater than any other contextual chance.

6 0
3 years ago
Y is directly proportional to x and k is a constant. Which equation
inn [45]
It would be Y=kx.
Look at photo for explanation

7 0
3 years ago
Read 2 more answers
A turtle begins to cross a path. After 3 minutes, the turtle is 2.5 feet from the other edge of the path. After 5 minutes, the t
iragen [17]
The turtle would be moving 0.5 feet every minute. The width of the path is 4 feet.
5 0
4 years ago
Read 2 more answers
Which set of order pairs
REY [17]
The correct answer is A because the 4 in the X value repeats two time and on the other ones doesn't
8 0
3 years ago
Read 2 more answers
Solve for the value of k
Fofino [41]

Answer:

Combine like terms in the left side. Substract both sides. Divide by both sides therefore. the answer is the option

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • jack wants to weigh at most 176 pounds before the baseball season begins. he has already lost 15 pounds. he belives he can lose
    15·1 answer
  • BRAINLIEST AND 20 POINTS
    8·2 answers
  • NEED HELP QUICK!!!
    5·2 answers
  • The table below shows two equations:
    13·2 answers
  • Combine the like terms to create an equivalent expression.<br><br> 4p+6-3
    14·2 answers
  • Select the correct graph.<br> Which graph is the graph of function<br> f(x) =4^x
    9·1 answer
  • Pls look at the screenshot
    12·1 answer
  • A rectangular tank is 76cm long ...50cm wide and 40cm high....how many litres of water can it hold ​
    11·1 answer
  • I really need help before tomorrow, but my question is,
    14·1 answer
  • Use the drawing tool(s) to form the correct answers on the provided number line. plot the value(s) on the number line where this
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!