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3 years ago

Credit card companies charge on any purchases you have not paid off that month.

Business

2 answers:

lidiya [134]3 years ago

7 0

As far as I know yes

klemol [59]3 years ago

4 0

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Yess they do I have a credit card the only thing u need to do is to not leave your account on negative and keep putting money in it because if it’s under 10$ and you don’t put more you will be charged 35 the next day so when you put money back they will take your money, let me be honest debit cards eats your money it’s better to get credit

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QUESTION 25

Ipatiy [6.2K]

Answer:

160

Explanation:

Given: CPI basket contain 400 oranges and 800 pens.

In the base year, price of oranges is $1 and pen is $0.75.

This year urban customer buy oranges at $2 each and pens at $1 each.

To find consumer price index (CPI), we need to check price of basket in current year and base year.

∴ Current year´s price for 400 oranges and 800 pens = $400\times 2= \$ 800\\800\times 1= \$ 800$

Now, adding the price to get cost of basket

Cost of basket in current year= $800+800= \$ 1600$

Base year´s price for 400 oranges and 800 pens= $400\times 1= \$ 400\\800\times 0.75= \$ 600$

Cost of basket in base year= $400+600 = \$ 1000$

Next, calculating the CPI of this year

Formula; CPI= $\frac{\textrm{ Cost of basket in current year}}{\textrm{ cost of basket in the base year}} \times 100$

CPI for the year = $\frac{1600}{1000} \times 100 = 160$

∴ Consumer price index (CPI) = 160.

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