Answer:
103 chairs
Step-by-step explanation:
cost = fee + cost per chair * number of chairs
410 = 100 + 3*c
Subtract 100 from each side
410-100 = 100+3c-100
310 = 3c
Divide by 3
310/3 = 3c/3
103.3=c
We cannot rent part of a chair so we round down
103 chairs
Answer:
9.434
Step-by-step explanation:
Let w = width
then
5w-3 = length
w(5w-3) = 14
5w^2-3w = 14
5w^2-3w-14=0
(5w+7)(w-2) = 0
w = {-7/5, 2}
throw out the negative solution leaving
w = 2 centimeters
length:
5w-3 =5(2)-3 =10-3 = 7 centimeters
Annual Rate = 16% = 16/100 = 0.16
Monthly Rate = (annual rate)/12
Monthly Rate = (0.16)/12
Monthly Rate = 0.01333 ... this is approximate
Finance Charge = (Monthly Rate)*(Previous Balance)
Finance Charge = (0.01333)*(179.32)
Finance Charge = 2.3903356
Finance Charge = 2.39
The purchases and payments do not factor in the finance charge since they are made during this current billing cycle. The previous balance method only looks at the balance at the end of the previous cycle.
Once the finance charge is calculated, we add on the new purchases and the finance charge to the old balance. We also subtract off the payments/credits. Doing all this calculates the new balance for this billing cycle.
New Balance = (Old balance) + (Purchases) + (Finance Charge) - (Payment)
New Balance = 179.32 + 117.42 + 2.39 - 85
New Balance = 214.13
In summary,
Finance Charge = $2.39
New Balance = $214.13