If during a given month your average daily credit card balance is $800 and your yearly interest rate is 17%, then the interest you owe on your credit card for that month would be: $11.33
Answer:
2x+4y,9
Step-by-step explanation:
1/8 is 12.5% so it is bigger than 12%
notice, it goes 4,6 then 4, 6 again, and so on and so on
based on whatever exponent it may have
now, you're being asked, what 214 will give? 4 or 6?
Answer:
d) $8,100
Step-by-step explanation:
Given information:
- Money triples every 10 years
- Initial deposit = $100
- Number of years invested = 40 years
If the money triples (multiplies by 3) every 10 years,
then in 40 years time it will triple <u>4 times</u>, as 40 ÷ 10 = 4
⇒ Account balance after 40 years = $100 × 3 × 3 × 3 × 3
= $100 × 3⁴
= $8,100
<u>Proof</u>
In 10 years time the balance of the account will be:
$100 x 3 = $300
In another 10 years time, the balance of the account will be:
$300 x 3 = $900
In another 10 years time, the balance of the account will be:
$900 x 3 = $2700
In another 10 years time, the balance of the account will be:
$2700 x 3 = $8100
