Answer:
$86.81
Step-by-step explanation:
Using the given formula, we want to compute A for ...
P = 4750
r = 0.2279
n = 365 . . . . . assuming "exact" interest
t = 1 or 30
For 1 day late:
A = 4750(1 +0.2279/365)^(365·(1/365)) = 4752.97
For 30 days late:
A = 4750(1 +0.2279/365)^(365·(30/365)) = 4839.78
The difference in these payment amounts is ...
$4839.78 -4752.97 = $86.81
You would save $86.81 in interest charges by paying only 1 day late.
_____
<em>Comment on the question</em>
It would be a poor choice of credit card to use one that compounds interest daily. Most do so on a monthly basis.
Answer:
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Step-by-step explanation:
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Answer:
x=32
Step-by-step explanation:
x+12=x+11+33
x+12=44
x=44-12
x=32
Answer:
New price of the ball after discount = $16.65
Step-by-step explanation:
Selling price of the soccer ball = $45
Discount labeled on the ball = 63% off
Therefore, selling price after the discount = Original selling price - %discount
= $45 - (63% of $45)
= $45 - $28.35
= $16.65
New price of the ball after discount = $16.65
Answer:
y = x² - 13x + 36
Step-by-step explanation:
Given the zeros x = 4 and x = 9, then the corresponding factors are
(x - 4) and (x - 9)
The polynomial is then the product of the factors
y = (x - 4)(x - 9) ← expand using FOIL
y = x² - 13x + 36
