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
Answer:
The guard should be positioned at the safe
Step-by-step explanation:
The night watchmen should be positioned to guard whichever place gives the highest expected value to the thief.
The expected value of robbing the safe is:
The expected value of robbing the cash register is:
Therefore, the guard should be positioned at the safe since it yields a higher expected value to the thief in case he tries to rob it.