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Anni [7]
3 years ago
8

How does a credit card company calculate finance charges on a credit card?

Mathematics
1 answer:
Slav-nsk [51]3 years ago
7 0
A common way of calculating a finance charge on a credit card is to multiply the average daily balance by the annual percentage rate (APR) and the days in your billing cycle. The product is then divided by 365 . Mortgages also carry finance charges.
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Given ΔADC and ΔAEB, What is AE?
AysviL [449]

Answer:

As shown in picture,

EB is perpendicular with AC

DC is perpendicular with AC

=> EB // DC

Applying Thales theorem:

BC/AC = ED/AD

=> AD = ED x AC/BC = 72 x 88/55 = 115.2

=> AE = AD - ED = 115.2 - 72 = 43.2

Hope this helps!

:)

5 0
3 years ago
The difference of two numbers is 3. Their sum is 13. Write a pair of simultaneous equations in x and y to represent this informa
Solnce55 [7]

Answer:

x-y=3

x+y=13

2x=16

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x=8

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8+y=13

y=13-8

y=5

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3 years ago
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AveGali [126]

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Which of these statements is correct?
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