Answer:
$86.81
Step-by-step explanation:
Using the given formula, we want to compute A for ...
P = 4750
r = 0.2279
n = 365 . . . . . assuming "exact" interest
t = 1 or 30
For 1 day late:
A = 4750(1 +0.2279/365)^(365·(1/365)) = 4752.97
For 30 days late:
A = 4750(1 +0.2279/365)^(365·(30/365)) = 4839.78
The difference in these payment amounts is ...
$4839.78 -4752.97 = $86.81
You would save $86.81 in interest charges by paying only 1 day late.
_____
<em>Comment on the question</em>
It would be a poor choice of credit card to use one that compounds interest daily. Most do so on a monthly basis.
Answer:
For the top equation, x = 27 (I think you meant to put x - 27 = 0. If not, I can always edit my answer for you)
For the bottom, x = 3
Hope this helps! Have a grrrreat day lol
I believe the problem asks for the slope. This problem can be done by putting <span>y=x^2e^5x into slope intercept form. However, the issue is that there is the variable "e", which does not match the slope intercept formula, y=mx+b. Long explanation short, the slope is </span>
The answer to that equation is X= -1
Answer:
Marilee wants to earn an "A" in a class and needs an overall average of at least Her test grades are 88 , 92,100 , and 80 . The average of her quizzes is 90 and counts as one test grade. The final exam counts as 2.5 test grades. What scores on the final exam would result in Marilee's overall average of 92 or greater? (See Example 9