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prohojiy [21]
3 years ago
9

You owe $3,000 on your credit card with a 24% APR. What would be the minimum payment amount if your credit card company requires

at least 5% each month?
Be sure to show your work below.
Mathematics
1 answer:
erica [24]3 years ago
3 0

Interest charge = balance x ( apr/12)

3000 x (.24/12) = 60

Balance = 3000 + 60 = 3060

Minimum payment is total balance x percent for payment:

3060 x 5% = 153

The minimum payment is $153

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Suppose the dealer incentive per vehicle for honda's acura brand in 2012 is thought to be bell-shaped and symmetrical with a mea
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Answer:

From $1600 to $3400.

Step-by-step explanation:

The Empirical Rule states that, for a normally distributed random variable:

68% of the measures are within 1 standard deviation of the mean.

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99.7% of the measures are within 3 standard deviations of the mean.

In this problem, we have that:

Mean = 2500

Standard deviation = 300

What interval of dealer incentives would we expect approximately 99.7% of vehicles to fall within?

By the Empirical Rule, 99.7% fall within 3 standard deviations frow the mean. So

From 2500 - 3*300 = 1600 to 2500 + 3*300 = 3400.

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