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Strike441 [17]
3 years ago
6

Caitlin has a credit card with a spending limit of $1500 and an APR (annual percentage rate) of 18%. During the first month, Cai

tlin charged $375 and paid $250 of that in her billing cycle. Which expression will find the amount of interest Caitlin will be charged after the first month?
Business
1 answer:
gayaneshka [121]3 years ago
8 0
Given:
Spending limit: 1500
APR: 18%
Purchases: 375
Payment 250

Divide the APR by 360 days and multiply it by 30 days to get the monthly rate.

18% / 360 = 0.05% 
0.05% x 30 = 1.5%

1.5% will be multiplied to the remaining balance in the first month.

375 - 250 = 125
125 x 1.5% = 1.875 

1.875 is the interest charged after the first month. 
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C. Teach procedures for stacking items in straight, even loads.

Explanation:

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4 years ago
In the context of the different techniques used by an inference engine to manipulate a series of rules, _____ refers to a series
Volgvan

In the context of the different techniques used by an inference engine to manipulate a series of rules, <u>forward chaining</u> refers to a series of "if-then-else" condition pairs.

<h3>What is an inference engine? </h3>

An inference engine is a part of the system that applies logical rules to the knowledge base to deduce new information. The first inference engines were components of expert systems.

Therefore, the correct answer is forward chaining.

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2 years ago
The relationship between borrowed reserves (BR), the nonborrowed monetary base (MBn), and the monetary base (MB) is Question 14
AnnyKZ [126]

Answer:

Option C.

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Amount of total currency which is in circulation in the public in the present time or the amount of currency which is held in the commercial bank deposits in the central bank's reserves is termed as Monetary Base.

The fund that is held by a financial institution in cash is termed as Nonborrowed Monetary Base.

3 0
3 years ago
On May 15, Monique Company purchased $40,000 of merchandise from the Terrell Company, with terms of 1/10, n/30. On May 17, Moniq
svetlana [45]

Answer:

May-15. Dr Merchandise inventory  40000

           Cr  Accounts payable         40000

   ( To record purchase of inventory)

May-17. Dr Merchandise inventory    310

                             Cash                             310

      (To record payment of freight of shipment)

May-20. Dr Accounts payable  800

                         Cr Merchandise inventory    800

      ( To record purchase return of inventory)

May-24. Dr Accounts payable  (40000-800)   39200

                         Cr Cash                                                  39200

      ( To record payment in full of inventory purchase)      

3 0
3 years ago
What is productivity?
REY [17]

Answer:

is the process in which an item or good is bringing profit to a business

Explanation:

6 0
3 years ago
Read 2 more answers
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