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Flauer [41]
4 years ago
10

Gabe has an outstanding balance on four different credit cards. Which method of paying off his credit card debt will save him mo

ney and results in the fastest payoff of one of the debts?
Question 1 options:
1) paying the minimum balance each month

2) making fixed payments

3) snowballing his payments according to the lowest balance

4) snowballing his payments according to the highest interest rate
Mathematics
2 answers:
Firlakuza [10]4 years ago
8 0

Answer: 3

<span><span>The  method of paying off his credit card debt will save Gabe money and results in the fastest payoff of one of the debts is </span>3) snowballing his payments according to the lowest balance <span>
</span>Mathematically, it makes sense to focus on paying the debt with the highest interest rate first because this strategy minimizes<span> the amount of interest you're paying overall, which can save you a lot over time.</span></span> <span>However,  the Harvard Business review found an opposite approach and proven most effective, <span> known as the snowball method which prioritizes paying the lowest debt first regardless of interest rate.</span></span>

<span>This is done by listing out all of your debts, from the lowest to the highest amount and pay only the minimum balance on each one, except for the lowest. For the lowest, pay as much cash as possible each month until payment is completed. Then move on to the second-smallest debt and so forth.</span>

hichkok12 [17]4 years ago
8 0

Answer:

the CORRECT option is option 1) paying the minimum balance each month.

Step-by-step explanation:

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for two positive integers a and b, we know g c d (a comma b )equals 15 comma space l c m (a comma b )equals 90, what is a b?
Scilla [17]

Two positive integers have gcd (a, b) = 15 and lcm (a, b) = 90. Those two numbers are 15 and 90 or 30 and 45.

Suppose we have 2 positive integers, a and b, then:

gcd (a, b) = the greatest common divisor = common prime factors of a and b

lcm (a, b) = the least common multiple = multiplication of the greatest common prime factors of a and b

In the given problem:

gcd (a, b) = 15

prime factorization of 15:

15 = 3 x 5

Hence,

a = 3 x 5 x ....

b = 3 x 5 x ....

lcm (a, b) = 90

prime factorization of 90:

90 = 3 x 5 x 2 x 3

Therefore the possible pairs of a and b are:

Combination 1:

a = 3 x 5 = 15

b = 3 x 5 x 2 x 3 = 90

Combination 2:

a = 3 x 5 x 2 = 30

b = 3 x 5 x 3 = 35

We can conclude the two integers are 15 and 90 or 30 and 45.

Learn more about gcd here:

brainly.com/question/16969353

#SPJ4

6 0
1 year ago
Geometry question to verify it​
Oksana_A [137]

Step-by-step explanation:

here's the solution,

in the given figure , sum of all angles formed with O measures 360°

because, it forms a complete angle

so,

=》mPOQ + mQOR + mROS + mSOT + mTOP = 360°

=》mPOQ + mQOR + mROS + mSOT + mTOP = (90° × 4)

=》mPOQ + mQOR + mROS + mSOT + mTOP = 4 × right angle

(cuz.. right angle = 90°)

4 0
3 years ago
For 4x2 - 5x + 1, the coefficient of the term with an exponent of 2 is ____.
MrMuchimi
It’s 4 because it’s in front of X
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4 years ago
Sam and Annika ride their bikes to school. Sam rides his bike (K )kilometers. Annika rides her bike two less than four times as
Gekata [30.6K]
S=k, a=4k-2

Annika rides her bike so she must travel some positive distance, ie a>0 so:

4k-2>0

4k>2

k>1/2  and that k is how far Sam rode, so Sam must ride his bike more than 1/2 kilometer.
7 0
4 years ago
Am I correct I think I found my answer but I am not sure ??
Sauron [17]

In a parallelogram, opposite sides are parallel and equal . So to prove JKLM a parallelogram, we need to satisfy both criterias . And only the last option stand up on both criterias that is opposite sides are parallel and equal .

So the correct option is the last option .

8 0
3 years ago
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