Answer:
The answer is 3,906.25
Step-by-step explanation:
All you have to do is divide 15,625 by 4! :)
Answer:
D 1.29x+1.35y≤12
Step-by-step explanation:
Nick is making a fruit salad. He buys apples for $1.29 per pound and oranges for $1.35 per pound. He spends no more than $12.
Let x represent the number of pounds of apples that Nick buys. Let y represent the number of pounds of oranges that Nick buys.
1.29x+1.35y≥121.29x+1.35y≥12
1.29x+1.35y>121.29x+1.35y>12
1.29x+1.35y<121.29x+1.35y<12
1.29x+1.35y≤12
24$-100%
X $ - 120%
X=120•24:100=2880:100=28,8
Answer: Total bill is 28,8 $
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