Answer:
Adjusted balance method of financing is least expensive for consumer because it charge interest on the ending balance. This method charge a very low interest rate as the ending balance is small.
Step-by-step explanation:
As compare to average daily balance method, it is quite cheaper. It does not charge on daily basis consumption. Instead it charge on the net balance at the end of each billing cycle.
Answer:
$1445.11
Step-by-step explanation:
The formula to use would be:

Where
F is the future amount (what we want to find)
P is the present (principal) amount (this is 400)
r is the rate of interest, monthly (1.8% or 0.018)
t is the time in months (6 years = 6 * 12 = 72)
Now substituting, we get:

After 6 years, the CD will be worth $1445.11
Answer:
v = 72 km/h
Step-by-step explanation:
Given that,
The distance covered by the Patrick, d = 288 km
Time taken, t = 4 hours
We need to find the average speed of Patrick. We know that the average speed of an object is equal to the total distance covered divided by total time taken. Let it is v. So,

So, his average speed is equal to 72 km/h.