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kipiarov [429]
3 years ago
9

Franks credit card has no annual fee, 23.99% interest rate. Switch to new card 16.99% rate. $35 annual fee. How much average bal

ance would frank have to make switching cards worth it?
Mathematics
1 answer:
Luda [366]3 years ago
7 0

Answer:

<em>The minimum average balance that makes the switching worth it is $500</em>

Step-by-step explanation:

<u>Equations</u>

We know Frank's credit card has no annual fees and charges an interest rate of 23.99% of his average balance B. He wants to switch to a new card with $35 annual fees but less interest rate of 16.99%.

The total annual payment Frank actually has to pay is given only by the interest of his annual average balance. That is

P_1=23.99\%\cdot B=0.2399\cdot B

With the new card, he'll have to pay a fixed fee of $35 plus the annual interest:

P_2=35+16.99\%\cdot B=35+0.1699\cdot B

To make switching cards worth it, both payments will need to be (at least) equal:

0.2399\cdot B=35+0.1699\cdot B

Rearranging

0.2399\cdot B-0.1699\cdot B=35

0.07B=35

Solving

B=35/0.07=500

B=\$500

The minimum average balance that makes the switching worth it is $500. If his balance is more than $500, he'll save by using the new card.

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The mass of a penny was measured six times. The following data was reported:
Scrat [10]

Answer:

a) 8.103 g

b) 9.2948

c) 0

Step-by-step explanation:

Given:

Data reported:

9.314 g, 9.215 g, 9.323 g, 8.103 g, 9.278 g, and 9.344 g

Now,

All the values except the 8.103 are above 9

Here the data 8.103 varies very much with respect to the other values

Hence,

a) the data 8.103 should be excluded

b) average value of the mass of the penny = \frac{9.314 + 9.215 + 9.323 + 9.278 + 9.344 }{5}

= 9.2948 g

c) Deviation = Mean - Data

9.2948 - 9.314 = -0.0192

9.2948 - 9.215 = 0.0798

9.2948 - 9.323 = -0.0282

9.2948 - 9.278 = 0.0168

9.2948 - 9.344 = -0.0492

Thus,

Average deviation from mean = tex]\frac{-0.0192 + 0.0798 -0.0282 + 0.0168 -0.0492 }{5}[/tex]

= 0

4 0
3 years ago
146, 74, 38, 20, ? what would the next number be in this sequence?
Anuta_ua [19.1K]
Looking at the numbers, we can see that the differences are 72, 36, and 18. Notice that they are each factors of the next by the same constant 2.

18 * 2 = 36
36 * 2 = 72

There, it means that 18/2 will be subtracted from 20.

20 - 18/2
= 20 - 9
= 11

The next number in the sequence would be 11. Hope this helps!
3 0
3 years ago
Solve the following equation. Remember to check for extraneous solutions 1/(x-6) + (x/(x-2)) = (4/(x²-8x+12)).
xxMikexx [17]

Answer:

-1, 2, 6

Step-by-step explanation:

We have to solve the equation as follows: 1/(x-6) + (x/(x-2)) = (4/(x²-8x+12)).

Now, we have, \frac{1}{x-6} +\frac{x}{x-2} = \frac{4}{x^{2}-8x+12 }

⇒\frac{(x-2)+x(x-6)}{(x-2)(x-6)} = \frac{4}{x^{2}-8x+12 }

⇒\frac{x-2+x^{2}-6x }{(x-2)(x-6)} =\frac{4}{(x-2)(x-6)}

⇒\frac{(x-2)(x-6)}{x^{2}-5x-2 }=\frac{(x-2)(x-6)}{4}

⇒(x-2)(x-6)[\frac{1}{x^{2} -5x-2} -\frac{1}{4} ]=0

⇒ (x-2)(x-6) =0 or, [\frac{1}{x^{2} -5x-2} -\frac{1}{4} ]=0

If, (x-2)(x-6) =0, then x=2 or x=6

If, [\frac{1}{x^{2} -5x-2} -\frac{1}{4} ]=0, then x^{2} -5x-2=4

and (x-6)(x+1) =0

Therefore, x=6 or -1

So the solutions for x are -1, 2 6. (Answer)

4 0
3 years ago
300 reduced by 3 times x is 33
Wewaii [24]
300-3x=33

Subtract 300 on both sides.

-3x=-273

Divide both sides by -3.

x=91

I hope this helps!
~kaikers
4 0
3 years ago
HELP ASAP PLEASE!!!!!
Musya8 [376]
The rule for inscribed angles and their corresponding arcs is that the measure of the angle is one-half that of the arc. Therefore, all we have to do is divide 68/2, which gets us an answer of D. 34.

Hope this helps!
5 0
3 years ago
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