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Oksanka [162]
3 years ago
13

3) You owe $1,842.66 on a credit card at a 14.5% APR. You pay $250.00 at the beginning of the month and put another $250.00 in a

savings account at a 4.0% APR. What is the difference in the amount of interest accrued between the credit card and savings account by the end of the month?
4) Using the information from problem 3, how much interest could you save by putting all $500.00 instead of just $250.00 toward the credit card at the beginning of the month?
Mathematics
2 answers:
Wittaler [7]3 years ago
8 0

3. Credit Card: (1842.66 - 250) (.145/12) = $19.24

Savings: 250(0.04/12) = $0.83  

Difference = 19.24 - 0.83 = $18.41  

4. Credit Card: (1842.66 - 500) (.145/12) = $16.22

You will save $18.41 - $16.22 = $2.19 by putting all $500 toward the higher credit card rate.  

nekit [7.7K]3 years ago
6 0

Answer:

3.) 18.41

4.) 3.02

Step-by-step explanation:

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A factory produced a batch of handheld video games, but 4% of the games were found to be defective. If the batch had 250 games i
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Answer:

the answer is 240

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8 0
3 years ago
A softball pitcher has a 0.507 probability of throwing a strike for each pitch. If the softball pitcher throws 15 pitches, what
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Answer:

The probability that the pitcher throws exactly 8 strikes out of 15 pitches is approximately 0.199

Step-by-step explanation:

The given probability that the pitcher throws a strike, p = 0.507

The number of pitches thrown by the pitcher = 15 pitches

The probability that the pitcher does not throw a strike, q = 1 - P

∴  q = 1 - 0.507 = 0.493

By binomial theorem, we have;

P(X = r) = \dbinom{n}{r}p^{r} \cdot q^{n-r}=  \dbinom{n}{r}p^{r} \cdot \left (1-p  \right )^{n-r}

When X = r =  8, and n = 15, we get;

The probability that the pitcher throws exactly 8 strikes out of 15 pitches, P(8), is given as follows

P(8) = ₁₅C₈ × 0.507⁸ × (1 - 0.507)⁽¹⁵ ⁻ ⁸⁾ = 6,435 × 0.507⁸ × 0.493⁷ ≈ 0.199

8 0
3 years ago
2(5x + 7) = 34<br><br> Someone help me
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Answer:

x = 2

Step-by-step explanation:

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x = 2

7 0
4 years ago
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