Ans. Since the annual rate is not compunded (for example, compounded monthly) you will have to pay in interest $27.41, and the total payment is $1,061.41
Step-by-step explanation:
Hi, since the balance is 1 month overdue, it means that you owe 2 months of interest to this obligation, but before we start finding the interest of your credit card, first let´s find the effective monthly equivalent rate for that 17% annual interest rate.
The formula is as follows.
Therefore
So your monthly interest rate is 1.317%. Now let´s find the amount of interests that you have to pay for 2 months. This is the formula.
Where "n" is the period of time in months that you owe to the financial institution. The result of that is:
This way, interest are = $27.41 and the total amount that you will have to pay is:
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Payment=Present Value+Interest=1,034+27.41=1,061.41
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1/2. 1/6
1/2×3=3/6
3/6+1/6=4/6
4/6=2/3
2/3
Answer:
1
Step-by-step explanation:
because 1 is an odd number
Cos (Ф) = 0.9123
To calculate Ф, we have to find the arcos (0.9123) ≈ cos⁻¹ (0.9123)
cos⁻¹(0.9123) = Ф
cos⁻¹ (0.9123) = 24°.175
Ф = 24°.175
