A bank is offering you an introductory credit card promotion. Your interest for the first year is 8%. But, at the beginning
1 answer:
Answer:
Explanation:
<u>1. Calculate the monthly interest owed during year 1</u>
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- <em>Interest for first year: 8%</em>
- The monthly rate is the yearly rate divided by 12: 8% / 12 = 0.08/12
- The monthly interest owed is the monthly rate times the balance: (0.08/12)×$1,800 = $12.00
<u>2. Calculate the monthly interest owed during year 2</u>
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- <em>Interest for second year: 23%</em>
- The montly rate is the yearly rate divided by 12: 23% / 12 = 0.23/12
- The monthly interest owed is the monthly rate times the balance: (0.23/12)×$1,800 = $34.50
<u>3. Calculate the difference</u>
- Difference in the monthly interest owed during year 1 and year 2 = $34.50 - $12.00 = $22.50
Hence, the answer is the option c) $22.50
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$9.78=100%
$9.65=?
9.65*100/9.78
=98.67%
%decrease=100%-98.67%
=1.33%
=1.3%
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Answer:
16/31 days
Step-by-step explanation:
Add up all the days: 15+10+6=31
Add up the days with no rain: 10+6=16
With no rain as numerator and total as denominator you get an answer of 16/31
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Step-by-step explanation:
Answer:
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