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Brums [2.3K]
2 years ago
12

A typical credit card company charges 18% annual interest,

Mathematics
1 answer:
AnnZ [28]2 years ago
3 0

Answer:

$1,519

Step-by-step explanation:

Given that :

Balance = principal = $520

Time (t) = 6 years

Annual. Interest rate (r) = 18% = 0.18

Using the compound interest formula:

A = P(1 + r/n)^nt

n = number of times interest is applied per period ; A = final amount

Since interest is compounded monthly, n = 12

A = 520(1 + 0.18/12)^(12 * 6)

A = 520(1 + 0.015)^72

A = 520(1.015)^72

A = 520(2.9211579)

A = 1519.0021

Hence, final amount = $1519

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What is 100-A + 20 -70
algol [13]

Answer:

A=50

Step-by-step explanation:

assuming you mean 100-A+20-70=0

you need to solve for A, which means add all your numbers together and isolate A.

-A+50=0

A=50

6 0
2 years ago
Read 2 more answers
How do I fill in the percentages?
ra1l [238]

<em>All Answers Under </em><em>Other Answers:</em>

Explanation:

First, you need to add all of the numbers to find the total budget. The total budget is <u>$1,116.</u> Then, to find the percentages, you need to divide each sections' money by the budget. For example, for 'contributions', you will do $175.76/$1,116 and get 0.157. But, this is a decimal. To make it into a percentage, you move the decimal point 2 spaces to the right. .157 = 15.7% So, for the 'contributions' section, the answer is 15.7%. Another example. For the 'housing' section,  the amount was $350.84. Divide that by $1,116.

\frac{350.84}{1,116}=0.314

Move the decimal point <em>2 spaces to the right</em> -- 31.4%

<u>I hope you understand how I got these answers</u>

<em>Other Answers:</em>

Transportation: 4.5%

Clothing: 2.7%

Medical Expenses: 3.1%

Food: 17.9%

Taxes: 9.5%

Miscellaneous: 15.1%

8 0
3 years ago
A study was conducted to investigate the relationship between the resale price, y (in hundreds of dollars), and the age, x (in y
GaryK [48]

Answer:

a. $121.07

b. $60.9

C. $20.03

Step-by-step explanation:

From the equation given

Y=181.7-20.21x

Where y is in dollars and X is in years

a. To find the resale price after 3years we have, we substitute x=3 into the given equation.

We have

y=181.7-20.21(3)

y=181.7-60.63

y=121.07

The resale price after 3years is $121.07

b. To find the resale price after 6years we have, we substitute x=6 into the given equation.

We have

y=181.7-20.21(6)

y=181.7-120.72

y=60.98

The resale price after 3years is $60.98

C. To find the average decrease per year, we have

[(x=3)-(x=6)]/3

=(121.07-60.98)/3

$20.03

Hence the average annual decrease is $20.03

8 0
2 years ago
Read 2 more answers
25 POINTS AND BRAINLIEST
kondor19780726 [428]

Answer:

4.24 hours

Step-by-step explanation:

Irina can paint 1/9 of a room in 1 hour since she can paint a room in 9 hours. 1/9x, where x is the number of hours she works and 1/9 of a room per hour is her speed, would be her part of the calculation.

Paulo can paint 1/8 of a room in 1 hour since he can paint an entire room in 8 hours. 1/8x, where x is the number of hours he works and 1/8 of a room per hour is his speed, would be his part of the equation.

1/9x + 1/8x = 1 (Irina's portion of the room plus Paulo's portion of the room equals one complete room) would be the equation.

Look for a denominator that has the same value as the numerator. Both 9 and 8 split evenly into 72 as the initial number. We multiply the top of 1/9 by 8 to convert the fraction and get 8/72x because 9*8 = 72. We multiply the top of 1/8 by 9 to convert the fraction and get 9/72x because 8*9 = 72. We have 8/72x+9/72x=1 currently.

17/72x=1

÷ both sides by 17/72:

17/72x ÷ 17/72 = 1÷17/72

∴ x=1/1 * 72/17

∴ x=72/17= 4.24

8 0
1 year ago
Which of the following represents the correct inequality statements
m_a_m_a [10]

Answer:


Step-by-step explanation:


3 0
3 years ago
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