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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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A number has the same digit in its hundreds place and its hundredths place. How many times greater is the value of the digit in
Free_Kalibri [48]

Answer:

A number has the same digit in its hundreds place and its hundredths place. Let the digit be '1'. Hence, the the value of the digit in the hundreds place is 10,000 times greater than the value of the digit in the hundredths place

Step-by-step explanation:

5 0
3 years ago
All i have to say it help pls
Lemur [1.5K]

Answer:

The answer is n=-5!

Step-by-step explanation:

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8 0
3 years ago
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Tonisha has a lemonade stand. She has $36 in expenses and wants to make at least $55 per day.
Inessa [10]

Answer:

x - 36 ≥ 55

Step-by-step explanation:

x is the total amount of money earned. You subtract 36 from x because that's the amount of her expenses. The answer has to be either equal to or greater than 55 since she wants to make at least $55 per day.

4 0
3 years ago
The graph shows the relationship between the number of pounds of
Damm [24]

Given:

The graph shows the relationship between the number of pounds of  apples purchased and the total cost of the apples.

To find:

The cost of 1 pound of apples.

Solution:

We need to find the slope of the line to get the cost of 1 pound of apples.

From the given graph it is clear that the line passes through two points (0,0) and (2,3). So, the slope of the line is

m=\dfrac{y_2-y_1}{x_2-x_1}

m=\dfrac{3-0}{2-0}

m=\dfrac{3}{2}

m=1.5

Therefore, the cost of 1 pound of apples is $1.5.

3 0
3 years ago
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The population of Austin, Texas, was about 494,000 at the beginning of a decade. The population increased by 3% each year. Write
matrenka [14]

Answer:

y(t) = 494 (1.03)^t

y(10) = 663,89

Step-by-step explanation:

An increase in population by 3% each year means that at the end of each year, the population is 1.03 times what it was at the start of the year

This increase in population continues for t years

Exponential growth model that represents the population y (in thousands) t years after the beginning of the decade is

y(t) = 494 (1.03)^t

Where,

y = population

t = number of years

Find y when t = 10

y(t) = 494 (1.03)^t

y(10) = 494 (1.03)^10

= 494 ( 1.3439)

= 663.8866

Approximately y(10) = 663.89

This means that after 10 years from when the population was 494,000, it increased to 663,89.

4 0
4 years ago
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