1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
melamori03 [73]
3 years ago
14

Solve for the monthly finance charge if the average daily balance is $20, the daily periodic rate is 0.05%, and the number of da

ys in the cycle is 30.
A.) 30¢
B.) 31¢
C.) 50¢
Mathematics
2 answers:
Marrrta [24]3 years ago
7 0
Given:
average daily balance = $20
daily period rate = 0.05%
number of days in a cycle = 30 days

monthly finance charge.

20 * 0.05% = 0.01
0.01 * 30days = 0.30  

0.30 or 30cents. Choice A) 30<span>¢</span>
marysya [2.9K]3 years ago
4 0

Answer:

Monthly finance charge would be 30 cents.

Step-by-step explanation:

To solve the problem, we must find out daily finance charge and then multiply with 30 to get monthly finance charge as monthly cycle number is 30.

It is given :

Average daily balance = $20.00

Daily periodic rate     = 0.05%

to get daily finance charge 0.05% of 20 = 0.0005 × 20 = $0.01

Number of days in the cycle = 30 days

Monthly finance charge = $0.01 × 30 = $0.30 or 30 cents

Answer is A. 30 cents.

You might be interested in
Help!!!!!!!!!!!!!!!!!!!!!!!!!!
lana [24]
3.78 x 10^9 = 3780000000 = 3,780,000,000

3,780,000,000 / 14,000 = 270,000

270,000 = 2.7 x 10^5
8 0
4 years ago
Jill is thinking of a number. Twenty less than one forth of the number is -45. Find Jill's number.
Bezzdna [24]

Answer:

The number is -100, Jill can think of something else, now.

Step-by-step explanation:

x = the number

x/4 - 20 = -45 {twenty less than one-fourth of the number is -45}

x/4 = -25 {added 20 to each side}

x = -100 {multiplied each side by 4}

5 0
3 years ago
Read 2 more answers
Sara is serving wings and burgers at her party. Wings cost $6.00 per serving and burgers are $3.00 each. Sara knows that at leas
katrin2010 [14]

Answer:

A) (5,4)

Step-by-step explanation:

Just take a look at the intersection in the dark blue area. The only point that fits in that area is A) (5,4). And this makes sense, but let's check it anyways:

5 wing + 4 burger < 45

5(6) + 4(3) < 45

42 < 45. If she bought one more burger, she would be at $45, and the problem asked us to be under $45, so this is our answer.

3 0
3 years ago
Read 2 more answers
Instructions: Find the measure of the indicated angle
Tanya [424]

Answer:

46 degree

I hope this will help you

7 0
3 years ago
How to solve 2v 14=20
LuckyWell [14K]
2v+14=20
2v=20-14
2v=6
V=3
8 0
3 years ago
Other questions:
  • Jamie has 7/10 of a pound of chicken to cook for dinner if she's going to split the chicken between three people how much chicke
    9·2 answers
  • ∠ACH = 115°<br> ∠GBF = 35°<br> What is the degree measure of ∠A?
    8·2 answers
  • Need help finding the limits
    12·1 answer
  • Two objects are moving along separate linear paths where each path is described by position, d, and time, t. The variable d is m
    12·1 answer
  • Model Cars
    14·1 answer
  • The weight y of a object on Jupiter is proportional to the weight x of the object on earth. An object that weighs 150 ponds on e
    7·1 answer
  • Which number is not a solution of the equation |x+2|=x+2
    15·1 answer
  • What must be added to the sum 86098, 112742 and 230560 to make half a million
    13·2 answers
  • Tell me what can you used (Ex. Chunky Soup or Kroger Green Beans) _Chef Boyardee Ravioli_
    6·1 answer
  • Con el procedimiento, por favor
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!