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jeka57 [31]
2 years ago
15

A credit card company charges a 3.5% transfer fee to transfer a balance to a new account. What would the transfer fee be for a b

alance transfer of $7,500?
Mathematics
1 answer:
meriva2 years ago
6 0

Answer:

$262.5

Step-by-step explanation:

We are told that:

A credit card company charges a 3.5% transfer fee to transfer a balance to a new account.

The transfer fee be for a balance transfer of $7,500 is calculated as:

3.5% × $7500

= 3.5/100 × $7500

= $262.5

The transfer fee for a balance transfer of $7500 is $262.5

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The function V(t)=1,000(1.06)^t models the value of an investment after t years. What does the ".06" represent in the function?
slamgirl [31]

Answer:

A

Step-by-step explanation:

Looking at the function, we have;

V(t) = 1,000(1.06)^t

Mathematically, the amount earned on an investment that offers a particular constant percentage return to a particular number of years can be written as;

V = I(1 + r)^t

where V is the value of the investment after some certain number of years

I is the initial amount invested

r is the constant percentage increase

and t is the number of years.

Let’s now re-write what we can deduce in the question.

This is;

V(t) = 1000(1 + 0.06)^t

Thus what this 0.06 represents is r which is the constant interest rate

8 0
3 years ago
Please answer this asap.
vodomira [7]
The answer would be 39.78
4 0
3 years ago
Read 2 more answers
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nikklg [1K]
The answers are -4 and 3 :)
6 0
3 years ago
Substitute the given values into the formula, and solve for the unknown variable. A=bh; A=6, h=6
Murrr4er [49]

6=b6 which you’ll have to divide by 6 on both sides leading to B=1

8 0
3 years ago
Please help if you can :)
crimeas [40]

The graph is Parabola or Graph of Quadratic Function.

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