Answer:
$86.81
Step-by-step explanation:
Using the given formula, we want to compute A for ...
P = 4750
r = 0.2279
n = 365 . . . . . assuming "exact" interest
t = 1 or 30
For 1 day late:
A = 4750(1 +0.2279/365)^(365·(1/365)) = 4752.97
For 30 days late:
A = 4750(1 +0.2279/365)^(365·(30/365)) = 4839.78
The difference in these payment amounts is ...
$4839.78 -4752.97 = $86.81
You would save $86.81 in interest charges by paying only 1 day late.
_____
<em>Comment on the question</em>
It would be a poor choice of credit card to use one that compounds interest daily. Most do so on a monthly basis.
<h2>1466899876+245689999999</h2><h2> = 247156899875</h2>
please mark this answer as brainlist
View explanations and answer in the picture
Answer:
Brainliest!!
Step-by-step explanation:
In plane Euclidean geometry, a rhombus is a quadrilateral whose four sides all have the same length. Another name is equilateral quadrilateral, since equilateral means that all of its sides are equal in length.
-Wikipedia
See picture