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
kozerog [31]
3 years ago
8

George charged a motorized bicycle on his credit card for $2,000 on June 12. His balance before that purchase on that credit car

d was $500. His credit card company calculates interest using the ADB including new purchases method. The APR on George’s credit card is 15% APR. Hint: the credit card rounded the monthly interest rate up to .013%.
George’s finance charge for this month was $22.97. Please show how to calculate this interest.
Mathematics
1 answer:
Gnesinka [82]3 years ago
3 0
The calculation uses the accumulated daily balance method (ADB).
We assume the statement is based on calendar month (rare!).

George owes $500 from beginning to end of June, so 30 days out of 30.
Interest accrued is 500*0.013*30/30=$6.50.
He also owes $2000 from June 12 to June 30, so 19 days inclusively.
Interest accrued is $2000*.013*(19/30)=16.47
Total interest at the end of the month=$6.50+$16.47=$22.97
You might be interested in
Write the slope-interest form of the equation that passes through (-2,6) with a slope of 3/2
iVinArrow [24]

Answer:

y = 3/2x+6

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
How do you get the answer to 1+1?
sveticcg [70]

Answer:

2

Step-by-step explanation:

If we take 1 and add another 1, you will get 2

5 0
3 years ago
Read 2 more answers
Today is the birthday of Rahul and he is 3 times
Marat540 [252]

Answer:

b. 36 years

Step-by-step explanation:

Today

Nirmala = x years

Rahul = 3x years

In 13 years

Nirmala = 3x + 13 years

Rahul = 2(x+13) - 1

3x + 13 = 2(x+13) - 1

3x + 13 = 2x + 26 - 1

3x + 13 = 2x + 25

3x - 2x = 25 - 13

x = 12

Nirmala = x years

= 12 years

Rahul = 3x years

= 3(12)

= 36 years

The age of Rahul today is 36 years

5 0
2 years ago
Which value is greater than 5/8 or 60 %
antoniya [11.8K]

Answer:

5/8

Step-by-step explanation:

8 0
3 years ago
Read 2 more answers
Which choice shows the coordinates of C' if the trapezoid is reflected across the y-axis?
nirvana33 [79]

Answer:

(5,3)

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Simplify your answer as much as possible
    6·1 answer
  • WHATS THE AREA?? PLEASE HELP!
    12·1 answer
  • A music competition on television had five elimination rounds. After each elimination, only half of the contestants were sent to
    7·2 answers
  • Determine if the following is consistent Subscript[x, 1] - 2 Subscript[x, 2] + Subscript[x, 3] = 0 Subscript[ , ] 2Subscript[x,
    10·1 answer
  • If the area (in square units) of the region under the curve of the function f(x) = 3x − 1 on the interval [a, 4], where a < 4
    11·1 answer
  • Solve.<br> 4 + <br> x<br> 7<br> = 2<br> A) -14 <br> B) 10 <br> C) 12 <br> D) 42
    6·1 answer
  • 150 parents were surveyed. 26% said that the kids were noddy and 70% said their kids were nice. How many parents didn’t answer w
    8·1 answer
  • Find the limit. Use l'Hospital's Rule where appropriate. If there is a more elementary method, consider using it. lim x → (π/2)+
    11·1 answer
  • A plan to expand megans room will make the length 140% what will be the new length of the room?
    9·1 answer
  • Combined Volume Name *Calculate the total volume for the objects below using the equation VzIxwxh. Use the area provided for cal
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!