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Mashcka [7]
3 years ago
11

3.You owe $1,032.56 on a credit card with an 11.25% APR. The minimum due is $150.00. What is the difference in the interest accr

ued if you pay the minimum amount due at the beginning of the month versus at the end of the month?
4.Using the credit card information from Problem 3, you decide to pay $300.00 instead of $150.00 at the beginning of the month. How much do you save in interest by doubling the amount?
Mathematics
2 answers:
Nimfa-mama [501]3 years ago
8 0
Paybeginning $1,032 - $150 = $882.56* 1.00938 = $ 890.84
Pay end $1,032.56 * 1.00938 = $1042.25- $150 = $892.25

The difference is in interest in the first month 892.25−890.25=2


Note: 11.25 / 12 = 0.00938 interest per month
DanielleElmas [232]3 years ago
3 0

Answer:

Step-by-step explanation:

3.

Rate of interest is given as = 11.25

So, monthly rate = 11.25 / 12 = 0.00938

Amount owed = $1032.56

Minimum due = $150

First payment =  $1,032.56 - $150 = $882.56(new amount)

A=p(1+r)^{t}

882.56(1+0.00938)^{1}

= 882.56*1.00938 = $890.838

If paid at end = p = 1032.56

1032.56(1+0.00938)

1032.56*1.00938= $1042.245

Now subtracting the minimum payment = 1042.245-150 = $892.245

Difference between both amounts = 892.245-882.560 = $1.407≈$1.41

2.

You decide to pay $300.00 instead of $150.00 at the beginning of the month.

$1,032.56 - $300 = $732.56

732.56(1+0.00938)^{1} = $739.431

$890.838 - $739.431 = $151.407

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lorasvet [3.4K]
Round up to 1, 400 then times it by 5

1,400 • 5 = 7,000

So no, it it's not reasonable.
7 0
2 years ago
Use polynomial long division to divide 2x2 + 3x −1 by x + 4. What are the quotient and remainder?
Karo-lina-s [1.5K]

Step-by-step explanation:

2x - 5

x+4 / 2x^2 + 3x - 1

- 2x^2 + 8x

0 -5x - 1

- -5x - 20

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Quotient = 2x - 5 + 19/x+4

Remainder = 19/x+4

4 0
3 years ago
PLEEEEEEEEEEEEEEEASE HELP ME WITH THIS. IT IS DUE TOMORROW!!
mafiozo [28]

Answer:

If both lines highlighted gone in both directions forever they will never ever meet.

Step-by-step explanation:

hope this helps.

7 0
3 years ago
Wilma works at a bird sanctuary and stores birdseed in plastic containers. She has 2 small containers that hold 8 pounds of bird
Amanda [17]

Answer:

 60 lbs left over

Step-by-step explanation:  Since the small containers hold 8 lbs each you multiply 8 by 2 since there are 2 containers. Same for the large, multiply 9 by 12 because each container holds 12 lbs and there is 9 containers. Then, you subtract 4 from that total because she already used 4 lbs.

x=(2*8)+(9*12)-4 Multiply

x=16+108-4 Simplify

x=120

So, before she fills the bird feeders she has 120 lbs of bird seed. There are 30 bird feeders and since they hold 2 lbs each you multiply 30 and 2. Then you subtract that from the 120 lbs because she is filling the bird feeders with that seed.

120- (30*2)

120-60= 60 lbs left over

3 0
3 years ago
there are 104 red candies in a candy machine. this represents 26% of the candy in the machine. how many total are in the candy m
Alborosie

There are 400 candies in the machine.

Step-by-step explanation:

Given,

Number of red candies in machine = 104

This represents 26% of the total candies.

Let,

x be the total candies in the machine.

According to statement;

26% of x = 104

\frac{26}{100}*x=104\\0.26x=104

Dividing both sides by 0.26

\frac{0.26x}{0.26}=\frac{104}{0.26}\\x=400

There are 400 candies in the machine.

Keywords: percentage, division

Learn more about percentages at:

  • brainly.com/question/317697
  • brainly.com/question/317616

#LearnwithBrainly

6 0
3 years ago
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