Oakley charged $795 to his credit card last month. What is the first minimum payment he must make? (2 points)$25.00
1 answer:
Answer:
$31.80
Step-by-step explanation:
<u><em>The complete question is</em></u>
Use the details of Oakley's new credit card to answer the question that follows. APR 11.9% compounded monthly Grace Period 28 days Minimum Payment 4% of the remaining balance or $25, whichever is higher Oakley charged $795 to his credit card last month. What is the first minimum payment he must make?
step 1
Find out the 4% of the balance of $795
so
This amount is higher than $25,
therefore
The first minimum payment he must make is $31.80
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Answer:
0.0273
Step-by-step explanation:
np n
10 100
9 100
11 100
7 100
3 100
12 100
8 100
4 100
6 100
11 100
pbar=sumnp/sumn
pbar=10+9+11+7+3+12+8+4+6+11/10+10+10+10+10+10+10+10+10+10
pbar=81/1000
pbar=0.081
nbar=sumn/k=1000/10=100
Standard deviation for p-chart=0.0273