Caitlyn has a creditc 1 with a spending limit of s1500 and an APR (annual percentage rate) During the first month,Caitlyn charge
d $375 and paid $250 of that in her billing cycle. Which expression will amount of interest Caitlyn will befind the charged after the first month?(0.18) $250(0.015) $375(0.18) $375)o (0.015) $125
2 answers:
Answer:
The correct option is D) (0.015) $125.
Step-by-step explanation:
Consider the provided information.
It is given that the APR=18%
Therefore monthly interest can be calculated as
Monthly interest =
Monthly interest =
During the first month,Caitlyn charged $375 and paid $250 of that in her billing cycle.
Therefore, amount liable for interest charges is:
375 - 250 = $125
Hence, the interest can be calculated as:
(0.015) $125
Therefore, the correct option is D) (0.015) $125.
You might be interested in
The odds in favor of winning a prize in the contest of the juice company which gives prizes to anyone finding specially marked caps is 3.2.
<h3>What is odds against?</h3>In probability, the term odds against is the ratio of probability of non occurring a favorable event to the probability of occurring a favorable event. It can be given as,
Here, is the probability of not occurring a favorable event, and P(A) is the probability of occurring a favorable event.
A juice company gives the prizes to anyone finding specially marked caps on its juice bottles. The 4 bottles have winning cap in 20 bottles. Thus, the probability of winning is,
The probability of not winning is,
Thus, the odd against the winning is,
Thus, the odds in favor of winning a prize in the contest of the juice company which gives prizes to anyone finding specially marked caps is 3.2.
Learn more about the odds against here;
#SPJ1