A credit card company charges 24.99% annually for its interest rate. There is a a 2450 balance.how much interest would be charge
1 answer:
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Answer:
see explanation
Step-by-step explanation:
The nth term of an AP is
= a₁ + (n - 1)d
where a₁ is the first term and d the common difference
Given a₅ is double a₇ , then
a₁ + 4d = 2(a₁ + 6d) , that is
a₁ + 4d = 2a₁ + 12d ( subtract a₁ from both sides )
4d = a₁ + 12d ( subtract 12d from both sides )
- 8d = a₁
The sum of n terms of an AP is
=
[ 2a₁ + (n - 1)d ] , substitute values
=
( 2(- 8d) + 16d)
= 8.5(- 16d + 16d)
= 8.5 × 0
= 0
Answer:
<h2>$212.8</h2>Step-by-step explanation:
If the car loses 11.1% per year, we need to calculate how much money is that:
; this value is the lost per year.
Now, in order to calculate this loss per month, we divide it by 12:
Hence, the monthly value decrease is $212.8, rounding it to the tenth.