Answer:
Step-by-step explanation:
<span>1.) Previous balance = 3529.30
APR = 18.6%, thus monthly interest rate = 18.6 / 12 = 1.55%
Previous balance + interest = 3529.30(1 + 0.0155) = 3584.00
New balance after transaction = 3584.00 + 148 = 3732.00
2.) Previous balance = 5834.53
APR = 20.4%, thus monthly interest rate = 1.7%
Previous balance - payment = 5834.53 - 150 = 5680.53
Balance + interest = 5634.53(1 + 0.017) = 5781.17
New balance after transaction = 5781.17 + 325 = 6106.17
3.) Total payment = 15264
Number of payments = 72 monthly payments
Monthly payment = 15264 / 72 = 212
4.) Amount bollowed = 7400 at 7% APR
Amount plus interest = 7400(1 + 0.07) = 7918
Monthly payment = 7918 / 12 = 659.83
</span>
Answer: a. $2700
b. $10200
Step-by-step explanation:
a. The interest she would have earned at the end of the 6 years can be gotten using the formula
= PRT/100
= $7500 × 6% × 6
= $7500 × 6/100 × 6
= $7500 × 0.06 × 6
= $2700
b. Her balance when she wants to withdraw the money would be:
= $7500 + $2700
= $10200
Rather than try to select the correct answer without doing work, I'd rather do the work first and the matching later.
Given y = 4 - x, or y = 4 - 1x,
1) the y-intercept is (0,4).
2) this being a linear function, it has neither maximum nor minimum.
3) the x-intercept is found by letting y = 0 and solving for x: 0 = 4 - x; x - 4. The x-intercept is (4,0).
Which of the given statements is true?
Answer:
The third one
Step-by-step explanation:
