Answer:
$97.15.
Step-by-step explanation:
We have been given that a musician uses his credit card to pay for a new violin that costs $2,900 and does not pay on it until the second month. The interest rate of credit card is 3.35% monthly.
We will use interest formula to solve our given problem.
, where,
,
,
,
Let us convert our given interest rate in decimal form.
Upon substituting our given values in interest formula we will get,
Therefore, the monthly interest charge at the end of the 1st month will be $97.15.
Increase by 15% means multiply the original by 1.15. So 6500x1.15 is 7475.
Answer:
-6
Step-by-step explanation:
I hope this helps you out!
Answer:
A. $27.23
B. $467.77
Step-by-step explanation:
Lin is shopping for a couch with her dad and heard him ask the salesperson “how much is your commission?” The salesperson says that her commission is 5 1/2% of the selling price. A.How much commission will the salesperson earn by selling a couch for $495?
B.How much money will the store get from the sale of the couch?
Salesperson commission = 5 1/2%
Price of couch = $495
A. Amount earned by the salesperson = 5 1/2% of $495
= 5.5% × 495
= 0.055 × 495
= 27.225
Approximately
Amount earned by the salesperson = $27.23
B.How much money will the store get from the sale of the couch?
Amount the store get = Total price - amount earned by salesperson
= $495 - $27.23
= $467.77