The average daily balance for the month was $84.21, and the finance charge for the month was $30.13.
<h3><u>Averages</u></h3>
Given that Sally's balance on her credit card is $75.00 on the first day of August, and she makes a payment of $18.00 on August 17 and a new purchase of $41.00 on August 29, and the annual interest rate is 21.25%, to determine what is Sally's average daily balance and finance charge for the month of August, the following calculation must be made:
- 75 x ((21.15/12 x 16) / 100) + 75 = A = 86.89
- 57 x ((21.15/12 x 13) / 100) + 57 = B = 70.06
- 98 x ((21.15/12 x 3) / 100) + 98 = C = 103.18
- (86.89 x 16 + 70.06 x 13 + 103.18 x 3) / 31 = X
- 84.21 = X
- 86.89 + 70.06 + 103.18 - 75 - 57 - 98 = Y
- 30.13 = Y
Therefore, the average daily balance for the month was $84.21, and the finance charge for the month was $30.13.
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Answer:
A 234.11
Step-by-step explanation:
is what you get lol
Answer:1/16
Step-by-step explanation:1/4= .25
Divide .25 by 4( for the four students) = .0625
.0625 is equivalent to 1/16
Answer:
y = 2
x = 5
Step-by-step explanation:
4x + 5y = 10 | ×3 |
3x - 3y = 21 | ×4 |
12x + 15y = 30
12x - 12y = 84
____________--
27y = -54
y = -54/27
y = 2
4x + 5y = 10 | ×3 |
3x - 3y = 21 | ×5 |
12x + 15y = 30
15x - 15y = 105
____________+
27x = 135
x = 135/27
x = 5
Answer:
An event with a probability of 0 is impossible.
An event with a probability of 1 is certain.
Step-by-step explanation:
Probability is typically expressed in terms of a fraction between 0 and 1 where the denominator is the total number of outcomes and the numerator is the number of desired outcomes. Since probability is expressed as a fraction, if the probability is 0, that means it is impossible, or there is no chance that the event can happen. However, if the probability is 1, that means that the event is certain to happen and the odds are completely in your favor that the event will happen.
