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garri49 [273]
3 years ago
6

Barbara opens a credit card with an apr of 19.99 how much is charged in interest this month if her balence is 1250?a. $19.99b. $

20.82c. $249.88d. $16.66
Business
1 answer:
puteri [66]3 years ago
8 0

Answer:

b. $20.82

Explanation:

The APR is the annual percent rate on a credit card. That is, Barbara's credit card has a 19.99% annual interest rate. In order to find the amount charged in interest for this month, we must find her monthly interest rate (m):

m = \frac{APR}{12}\\m = \frac{19.99\%}{12}\\m=1.666\%

Since her balance is 1250, her monthly interest is:

I = B*m\\I = \$1250 *1.666\%\\I=\$20.82

The answer is b. $20.82

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Oligopolies exist because of barriers to entry. One of the most important barriers to entry is due to economies of scale when it exists, the industry is more likely to be an oligopoly than a competitive one.

A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies are frequently the outcome of corporate collaboration as a way to increase profits. Because of the decreased competition, customers will pay more and workers will earn less.

In an oligopoly, there must be some entry barriers to allow businesses to capture a sizable portion of the market. These obstacles could be economies of scale or brand loyalty. Entry barriers, however, are lower than monopolies.

Several oligopoly-enabling circumstances have been noted. First off, there aren't many big companies in an oligopolistic market. This feature sets oligopoly apart from monopoly, in which there is only one entity.

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Why was agricultural sector declared as critical industry and exempt from the hardest lockdown regulations
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Kindly check explanation

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