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Olenka [21]
3 years ago
5

What is the monthly finance charge if the average daily balance is $20, the daily periodic rate is 0.04%, and the number of days

in the cycle is 30?. A. 12¢. B. 24¢. C. 60¢
Mathematics
2 answers:
weeeeeb [17]3 years ago
3 0
Given:
average daily balance: $20
daily periodic rate: 0.04%
number of days in the cycle = 30 days

0.04% ÷ 100% = 0.0004
0.0004 x 20 = 0.008 daily finance charge
0.008 x 30 = 0.24 monthly finance charge

0.24 or <span>B. 24¢</span>
Arada [10]3 years ago
3 0

Answer:

the answer would be b 24

Step-by-step explanation:


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James invested $4,000 at 5% interest per year; how long will it take him to earn $200 in simple interest?
tester [92]

Answer:

It takes 1 year.

Step-by-step explanation:

You have to apply simple interest formula, I = (P×R×T)/100 where I represent interest amount, P is principle, R is interest rate and T is number of years :

I =  \frac{PRT}{100}

200 =  \frac{4000 \times 5 \times T}{100}

20000 = 20000T

T = 1

3 0
2 years ago
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Please help me get the right answer?!
Aleksandr-060686 [28]
The answer is A, \frac{1}{81}. This is because when plugging in -2 for x, the expression will look like this: 9^{-2}. To make the exponent positive, you have to flip it into a fraction. Then it will be \frac{1}{9^2}. Lastly, you simplify the denominator into 81.
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3 years ago
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Help me out!!
vekshin1

Answer:

~Exponential decay because the base is less than 1~

Step-by-step explanation:

I just took the test and got a 100% :) hope this helped! Good luck!

8 0
3 years ago
Please help me with this question!!
stepladder [879]

Answer:

  1. rational
  2. irrational
  3. irrational
  4. irrational
  5. √7, it is irrational

Step-by-step explanation:

A <em>rational</em> number is one that can be expressed as the ratio of two integers. All fractions that have integer numerators and (non-zero) denominators are <em>rational</em> numbers. Any finite decimal number, or any repeating decimal number, is a rational number. These can always be expressed as the ratio of two integers. For example, 0.4040... = 40/99, and 0.286 = 286/1000.

To make an irrational sum, at least one of the contributors must be irrational. You want an irrational 2-number sum that has 7/8 as one of the contributors. Since 7/8 is rational, the other contributor must be irrational.

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<u>Step 1</u>. The number 7/8 is <em>rational</em>.

<u>Step 2</u>. The desired sum is <em>irrational</em>.

<u>Step 3</u>. The rule <em>rational + </em><em>irrational</em><em> = irrational</em> applies.

<u>Step 4</u>. An <em>irrational</em> number must be chosen.

Step 5. √7 will produce an irrational sum, because <em>it is irrational</em>.

5 0
2 years ago
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uysha [10]
The answer is choice B.
5 0
2 years ago
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