Answer:
$2,459.21
Step-by-step explanation:
(see attached for reference)
recall that the formula for compound interest is:
A = P [ 1 + (r/n)^ (nt) ]
where,
A = Final amount ( we are asked to find this)
P = principal amount = given as $2,340
r = Annual Interest Rate = given as 5% = 0.05
n = number of times compounded in a year = 4 (compounded quarterly)
t= time = 1 year
Substituting the values into the equation,
A = P [ 1 + (r/n)^ (nt) ]
A = 2,340 [ 1 + (0.05/4)^ (4·1) ]
A = $2,459.21
Answer: 343.6875 US$
Step-by-step explanation:
(US$ 9.75) x (35 1/4) =
The interest Raymond will pay this month is $54.98
What does APR mean?
APR means annual percentage rate, which means that since we are computing monthly interest, the annual rate which is the whole 12 months needs to be divided by 12 to ascertain the equivalent monthly interest rate
monthly interest=21.99%/12
What is the monthly interest amount in dollars?
The monthly interest amount in dollars is determined as the monthly interest rate multiplied by the credit card balance at the end of the month
monthly interest=$3,000*21.99%/12
monthly interest=$54.98
Find out more about credit card balance on:brainly.com/question/6872962
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Answer:
y=x+8 and y=3x
Step-by-step explanation:
The Given point is (4,12)
now we can substitute the point in each of the function and check wether it lies on it or not.
A. y=x+8
substitute y=12,x=4
12=4+8=12 which is true
B. y=3x
substitute y=12,x=4
12=3*4=12 which is true
C. y=2x
substitute y=12,x=4
12=2*4=8 which is not true
D. y=x+6
substitute y=12,x=4
12=4+6=10 . which is not true
Therefore option A and B are correct.
Answer: 0.72/20; 1.98/20; 17.3/20
0.036 * 10/10 = 0.36/10 * 2/2 = 0.72/20
0.099 * 10/10 = 0.99/10 * 2/2 = 1.98/20
0.865 * 10/10 = 8.65/10 * 2/2 = 17.3/20
