1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shkiper50 [21]
2 years ago
7

Marilyn uses a credit card with a 19.9% APR compounded monthly to pay for car repairs totaling $991.38. She can pay $410 per mon

th on the card. What will the total cost of this purchase be?
$1,021.01

$1,188.66

$991.38

$1,192.39

Mathematics
1 answer:
Leokris [45]2 years ago
8 0
Marilyn's finance charge at the end of the first month will be
  $991.38 × 0.199/12 = $16.44
The balance subject to the next month's finance charge will be
  $991.38 +16.44 -410.00 = $597.82

The finance charge at the end of the second month will be
  $597.82 × 0.199/12 = $9.91
The balance remaining after the second payment will be
  $597.82 +9.91 -410.00 = $197.73

The finance charge applied at the end of the third month is
  $197.73 × .199/12 = $3.28
so Marilyn can make one final payment of
  $197.73 +3.28 = $201.01
to pay off the balance.

In all, Marilyn has paid 2×$410.00 +201.01 = 
  $1021.01 . . . . . . . . corresponds to the first choice

_____
In real life, Marilyn's credit card may not accrue any finance charge until after the first statement on which the charge appears. Thus the total cost of the purchase may be only $1004.02. The attached spreadsheet shows the beginning balance and the finance charges for each month for the two different scenarios.

You might be interested in
What’s 5000÷4x8÷3x20?
PilotLPTM [1.2K]

Answer:

1250  3  x28

Step-by-step explanation:

5000

4

x8

3

x20

4 0
3 years ago
Read 2 more answers
There are 110 students in the 6th grade band and 120 students in the 7th grade band. Of the students, 60% of the 6th grade band
r-ruslan [8.4K]

Answer:

36 more students of grade 7 went on a trip than students of grade 6

Step-by-step explanation:

60 % of 110 students= 60/100*110= 66 students

85 % of 120 students= 85/100 * 120= 102 students

No of students of grade 7th more than 6th grade students= 102-66= 36

6 0
3 years ago
I wanna know why Charli D’amilo is famous. Someone tell me please it’s on a test.
Ahat [919]

Answer:

monke explanation teen dance teen look good while dance teen famous

Step-by-step explanation:

8 0
3 years ago
Read 2 more answers
I need help Plzz & Thank You .
Afina-wow [57]

{x50506}^{?}

6 0
3 years ago
Can anyone help me with this?
-Dominant- [34]
A=60
B=52
C=152
I’ve attached my work on how I got these answers
Hope this helps!

7 0
2 years ago
Read 2 more answers
Other questions:
  • A total of 3 cards are chosen at random, without replacing them, from a standard deck of 52 playing cards. What is the probabili
    13·1 answer
  • multiply the hours of labor by $55, then add $80. if c = cost in dollars and h = hours of labor, which equation expresses the ru
    10·1 answer
  • What is tan(θ/2), when tan(θ) = 4/3 and when π < θ < 3π/2?
    11·1 answer
  • Check all that apply in regards to the given sequence:<br> 5, 8, 11, 14, 17, 20, 23, ...
    9·2 answers
  • PLEASEE HELP I NEED HELP PROBLEM
    11·1 answer
  • Footlocker buys sneakers for $60 each and marks up the price by 30% so they can make a profit. What is the selling price of the
    12·1 answer
  • Which of the following expression(s) are fourth-degree binomials? select all that apply
    10·1 answer
  • GIVING BRAINLY ITS JUST SURFACE AREA PLEASE ANSWER!!!!!
    15·2 answers
  • Use the slope formula <br> (19,-16) (-7,15)
    10·1 answer
  • A bakery has 18 large trays of bagels and 20 small trays of bagels. Each large tray holds 30 bagels and each small tray holds 15
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!