Answer: x= 2
Step-by-step explanation:
hope this helped :)
Part A:
To get the interest of 1 year
Multiply 20,000 by 5% or 0.05
You get $1,000
Thats the amount for 1 year, now to get for 4 years, multiply 1,000, by 4
She pays $4,000 in interest
Part B:
If she pays it off in 2 years, instead of 4 years, she will pay an interest of $2,000, divide 4 by 2
Part C:
This is the same as part b, she saves $2,000
Hope this helps
-GoldenWolfX
Your question doesn't say what are the options, but we can make some reasoning.
The average daily balance method is based, obviously, on the <span>average daily balance, which is the average balance for every day of the billing cycle. Therefore, in order to calculate the average daily balance, you need to sum the balance of every day and then divide it by the days of the billing cycle.
In your case:
ADB = (9</span>×2030 + 21×1450) / 30 = 1624 $
Now, in order to calculate the interest, you should first calculate the daily rate, since APR is usually defined yearly, and therefore:
rate = 0.23 ÷ 365 = 0.00063
Finally, the expression to calculate the interest could be:
interest = ADB × rate × days in the billing cycle
or else:
<span>interest = ADB × APR ÷ 365 × days in the billing cycle
In your case:
interest = 1624 </span>× 0.23 ÷ 365 × 30
= 30.70 $
The answer is 66% because you divide 5.28 divided by 8
Answer:
Each time you draw, there is a 57.143% chance it will be blue, and a 42.857% chance it will be red.
