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Brums [2.3K]
3 years ago
12

A typical credit card company charges 18% annual interest,

Mathematics
1 answer:
AnnZ [28]3 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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6 0
3 years ago
7b ÷ 12 = 4.2                  What is b?
saw5 [17]
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5 0
3 years ago
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You are a member of a darts team and they have won £1750 prize money in a competition. £70 is to be saved for a celebration part
grandymaker [24]
Most of the information's that are required for solving this question is already given in the question. It is important to check them minutely before trying to solve the problem in hand.
Amount of prize money won by the darts team = 1750 pounds
The amount of money that needs to be saved = 70 pounds
Then
Amount of money remaining after savings = (1750 - 70) pounds
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The number of  team members in the darts team = 14
So
The amount of money
that each members of the darts team gets = 1680/14
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From the above deduction we can easily conclude that each member of the darts teams will get an amount of 70 pounds.
7 0
3 years ago
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The slope of two lines are 5/6 and 2/p. determine the value of p that will make the lines
Anni [7]
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Check:  Is 5/6 = 2 / (12/5)?  YES

Perp.:  The lines have slopes that are negative reciprocals of one another.

Then -6/5 = 2/p,  or

 -6      2
---- = ----
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7 0
3 years ago
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Viktor [21]

Answer:

$138

Step-by-step explanation:

We can first turn the words into a mathematical equation by substituting words with the information we have:

Total earning - ( Price of three books)

$180 - (Price of one book x 3)

$180 - ($14 x 3)

Finally, after we have created the mathematical equation, we solve it!

$180 - ($14 x 3)

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$138

6 0
3 years ago
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