The method of computing that would result in a greater finance charge is a. the daily balance method will have a finance charge $1.02 greater than the adjusted balance method.
<h3>What is the Adjusted Balance Method?</h3>
This refers to the method of accounting that makes use of the owed amount of money at the end of a billing cycle to make its computation on an account after the credits are calculated.
Hence, we can see that when comparing the adjusted balance method to the daily balance method that calculates the interest charges at the end of the day, the daily balance method would have a higher finance charge.
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Answer:
Wheres the function, what do u mean by captionless image
Hi there!
We can calculate slope using the following formula:
Plug in the corresponding points:
Simplify:
The formula for obtaining the value of a term of a sequence is given as a
as a recursive formula.
Responses:
- The information as a sequence is; R1, 2·R1, 4·R1, 8·R1, 16·R1, ...
- The sequence of the information is a geometric sequence
<h3>How is the given information expressed as a sequence?</h3>
The amount of pocket money Smith gets = 2 × The amount he gets in the previous day
The amount Smith gets on the first day = R1
Required:
The given information expressed as a sequence.
Solution:
The amount of money smith gets can be expressed as follows;
Amount he gets on day 1 = R1
On day 2, R2 = 2·R1
On day 3, R3 = 2·R2 = 2·2·R1 = 4·R1
On day 4, R4 = 2·R3 = 2·2·2·R1 = 8·R1
On day 5, R5 = 2·R4 = 2·2·2·2··R1 = 16·R1
The information written as a sequence is therefore;
- R1, 2·R1, 4·R1, 8·R1, 16·R1, ...
- The type of sequence is a<u> geometric sequence, or progression</u> where the first term is R1, and the common ratio, r = 2
Learn more about geometric sequence here:
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Answer:
y= - 12
Step-by-step explanation:
