Answer:
$29, that is the answer for this question
Answer:
The answer is that she would pay $65.56 in finance charges at the end of the month.
Step-by-step explanation:
Given: APR = 19.99%
Carry Over Balance: $398.97
The APR or Annual Percentage Rate, is calculated daily. You will need to get the daily periodic rate, or DPR, so divide the APR by 365:
19.99% = .1999
.1999 / 365 = .005477 (This is the Approximate DPR, rounded up to .005477)
To get the finance charge, multiply the average daily balance by the DPR and then by 30 days:
398.97 * .005477 * 30 = $65.56 finance charge for this carry over balance, at the end of the month. This assumes that the balance is the average daily balance.
Hope this helps!! Have a great day!
Answer:
<em>The employees will work for 1 hour, will earn $5 per hour and will be paid $5</em>
Step-by-step explanation:
<u>System of Equations</u>
The number of hours the employees work is x.
And the hourly wage that they are paid is y. The store manager is willing to pay the employees a wage given by the equation
10y-30x=20
The business owner states that the employees should be paid a wage given by the equation
6y+30x=60
Adding both equations we have:
16y = 80
Dividing by 16:
y = 80/16 = 5
Substituting into the first equation:
10*5-30x=20
Operating and simplifying:
50-30x=20
50 - 20 = 30x
30x = 30
x = 30/30 = 1
Thus, the employees will work for 1 hour, will earn $5 per hour and will be paid $5
