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Darina [25.2K]
3 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,
Mathematics
1 answer:
Vedmedyk [2.9K]3 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.
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Karolina [17]

Hello There!

<u><em>n - d = 0</em></u>

<u><em>5n+10d = 90</em></u>

<u><em>----------------------</em></u>

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<u><em>-------------------</em></u>

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Anarel [89]

Answer:

12

Step-by-step explanation:

The least common multiple of {6,8,12} is 24. This can be intuitively figured by noting that any multiple of 12 is a multiple of 6 and that 12 is 1.5x larger than 8. That means we only have so multiple 12 by 2 and 8 by 3 for them to be equal. The GCF of {20,42,72} is 2 as the prime factorization of 20 is 2x2x5 and 42 is 2x3x7. That means even without having to check 72 (which is clearly even so 2 is a factor), we know that 2 is the greatest common factor that they could share. So X/Y = 24/2 = 12

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3 years ago
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