Ask question

Ask question

All categories

2 years ago

11

At the start of January, you have a credit card with a balance of $498, a credit limit of $900, and an interest rate of 15%. You

make monthly payments of $35. At the end of which month will your balance be below the target debt ratio. (They consider the target debt to be 1/2 the credit line or less).
Jan
Feb
March
April,

1 answer:

Vedmedyk [2.9K]2 years ago

3 0

At the end of the January the balance of credit card need to be $498+$35=$533
$533 is more than one half of the $900. So at the end of the January.

You might be interested in

In studies for a medication, 3 percent of patients gained weight as a side effect. Suppose 643 patients are randomly selected.

timofeeve [1]

Part a)

It was given that 3% of patients gained weight as a side effect.

This means

$p = 0.03$

$q = 1 - 0.03 = 0.97$

The mean is

$\mu = np$

$\mu = 643 \times 0.03 = 19.29$

The standard deviation is

$\sigma = \sqrt{npq}$

$\sigma = \sqrt{643 \times 0.03 \times 0.97}$

$\sigma =4.33$

We want to find the probability that exactly 24 patients will gain weight as side effect.

P(X=24)

We apply the Continuity Correction Factor(CCF)

P(24-0.5<X<24+0.5)=P(23.5<X<24.5)

We convert to z-scores.

$P(23.5 \: < \: X \: < \: 24.5) = P( \frac{23.5 - 19.29}{4.33} \: < \: z \: < \: \frac{24.5 - 19.29}{4.33} ) \\ = P( 0.97\: < \: z \: < \: 1.20) \\ = 0.051$

Part b) We want to find the probability that 24 or fewer patients will gain weight as a side effect.

P(X≤24)

We apply the continuity correction factor to get;

P(X<24+0.5)=P(X<24.5)

We convert to z-scores to get:

$P(X \: < \: 24.5) = P(z \: < \: \frac{24.5 - 19.29}{4.33} ) \\ = P(z \: < \: 1.20) \\ = 0.8849$

Part c)

We want to find the probability that

11 or more patients will gain weight as a side effect.

P(X≥11)

Apply correction factor to get:

P(X>11-0.5)=P(X>10.5)

We convert to z-scores:

$P(X \: > \: 10.5) = P(z \: > \: \frac{10.5 - 19.29}{4.33} ) \\ = P(z \: > \: - 2.03)$

$= 0.9788$

Part d)

We want to find the probability that:

between 24 and 28, inclusive, will gain weight as a side effect.

P(24≤X≤28)=

P(23.5≤X≤28.5)

Convert to z-scores:

$P(23.5 \: < \: X \: < \: 28.5) = P( \frac{23.5 - 19.29}{4.33} \: < \: z \: < \: \frac{28.5 - 19.29}{4.33} ) \\ = P( 0.97\: < \: z \: < \: 2.13) \\ = 0.1494$

3 0

3 years ago

In HIJ h=38 inches, I=45 inches and j=61 inches. Find the measure of H to the nearest degree

Brrunno [24]

Answer: 38

step by step

deltamath

8 0

2 years ago

Read 2 more answers

Https://allmylinks.com/zeoathiras<br><br> I’m bored. Owo

Savatey [412]

Answer:

Yeah same here

Step-by-step explanation:

8 0

2 years ago

Eric was rock climbing. At one point, he stopped and climbed straight down 2\dfrac{1}{2}2

nikitadnepr [17]

The equation that matches the given situation is $-2\frac{1}{2}+6\frac{3}{4}=?$ . So, after two moves, Eric's elevation changed $4\frac{1}{4}$ meters above.

We know that in mathematics, subtraction means removing something from a group or a number of things. What is left in the group gets smaller when we subtract. The minuend is the first element we use. The subtrahend is the part that is being removed. The difference is the portion that remains after subtraction.

Assume that "negative" means climbing down and "positive" means climbing up. We must locate the elevation change in this area.

Given that Eric climbed straight down $2\frac{1}{2}$ meters. So we can write $-2\frac{1}{2}$ .

Again Eric climbed straight up $6\frac{3}{4}$ meters. So, we can write $6\frac{3}{4}$ .

Then the change = $-2\frac{1}{2}+6\frac{3}{4}$

= $-\frac{(2*2+1)}{2}+\frac{6*4+3}{4}$

= $-\frac{5}{2} +\frac{27}{4}$

= $\frac{-(5*2)+27}{4}$

= $\frac{-10+27}{4}$

= $\frac{17}{4}$

= $\frac{4*4+1}{4}$

= $4\frac{1}{4}$

Therefore, the equation that matches the given situation is $-2\frac{1}{2}+6\frac{3}{4}=?$ . So, after two moves, Eric's elevation changed $4\frac{1}{4}$ meters above.

Learn more about subtraction here -

brainly.com/question/24116578

#SPJ10

7 0

1 year ago

How do u evaluate an answer

Alex Ar [27]

Answer:

You basically answer the problem.

Evaluating is the same as answering

5 0

2 years ago