Hi there!
The answer is as follows:
Finance charge = $0.14
To get this you need to take the account balance on April 1st and subtract the payment of $51.00 multiply by the annual rate of 18%, which looks like this:
$60.15 - $51.00 = $9.15 × 0.18 = 1.647
Then you divide your answer by 12 for the months of the year to get:
1.647 ÷ 12 = 0.13725
Which rounds to $0.14 for you finance charge
New balance = $100.56
To get this you take the account balance on April 1st and subtract the payment of $51.00 and then add the purchase of $91.27 and the finance charge of $0.14, like so:
$60.15 - $51.00 = $9.15 + $91.27 + $0.14 = $100.56
Your friend, ASIAX
Answer:
Solve for the first variable in one of the equations, then substitute the result into the other equation.
Point Form: ( 3 , − 1 )
Equation Form: x = 3 , y = − 1
(I hope it helps ♡＾▽＾♡)
Answer:
11/12
Step-by-step explanation:
Answer:
<em>Mrs. Adams will earn $3,120 of interest at the end of year 8.</em>
Step-by-step explanation:
<u>Simple Interest</u>
In simple interest, the money earns interest at a fixed rate, assuming no new money is coming in or out of the account.
We can calculate the interests earned by an investment of value A in a period of time t, at an interest rate r with the formula:
Mrs. Adams deposited an amount of A=$12,000 into an account that earns an annual simple interest rate of r=3.25%. We must find the interest earned in t=8 years. The interest rate is converted to decimal as:
The interest is then calculated:
Mrs. Adams will earn $3,120 of interest at the end of year 8.
4/5*6=4,this is your answer.
3/4*5=3 3/4,this is also your answer.
Hope this helps
