Complete the table i’ll give brainliest

If the typical balance on Lucy's credit card is $650 and the interest rate (APR) on her credit card is 18%, how much in interest

Mariana [72]

$9.75

<h3>Further explanation </h3>

Given:

The typical balance on Lucy's credit card is $650.
The interest rate (APR) on her credit card is 18%.

Question:

How much in interest would you expect Lucy to be charged in a typical month?

The Process:

This problem includes the type of determining simple interest.

$\boxed{ \ I = P \times r \times t \ }$

where,

I = simple interest
P = principal (initial amount)
r = annual interest rate
t = time (in years)

This time we will find out how much in interest we would expect to be charged in a typical month.

The data is as follows:

P = 650
r = 18% or $\frac{18}{100}$ or 0.18
t = $\frac{1}{12}$ year (one month)

Let us calculate how much in interest we would expect to be charged in a typical month.

$\boxed{ \ = 650 \times \frac{18}{100} \times \frac{1}{12} \ }$

$\boxed{ \ = 65 \times \frac{3}{10} \times \frac{1}{2} \ }$

$\boxed{ \ = \frac{195}{10} \times \frac{1}{2} \ }$

$\boxed{ \ = \frac{97.5}{10} \ }$

$\boxed{ \ = \frac{975}{100} \ }$

Thus the amount of interest we would expect Lucy to be charged in a typical month is $ 9.75.

_ _ _ _ _ _ _ _ _ _

Notes

We must be able to distinguish between simple and compound interest. Please learn about this in the link attached below.

<h3>Learn more </h3>

What interest (in dollars) does he receive annually? brainly.com/question/8192969
How much will our account accrue to in 9.5 years brainly.com/question/4127036
What is the total amount owed at the end of the 4 years brainly.com/question/13675435

4 0

3 years ago

Read 2 more answers

The table shows the weights of two dogs. What is the weight of each dog?

NemiM [27]

Answer:

90, 64

Step-by-step explanation:

Rottweiler is 90

German Shepard is 64

7 0

3 years ago

Everyone wants to watch football games on Thanksgiving. There are 3 games on in afternoon and 3 on at night. How many different

Vikki [24]

Answer:

Step-by-step explanation:

At afternoon there are 3 games, lets call them A1, A2, and A3. These are simultaneous, which means you can ONLY watch one of them.

At night there are other three, lets call them N1, N2 and N3. Which again, are simultaneous, so you need to chose only one.

So, you can, at most, watch 2 games: one in the afternoon (extracted from the set {A1, A2, A3}) and one at night (extracted from the set {N1, N2, N3}).

So, here what you need is ALL the possible combinations between afternoon and games. As thee choices are independent, this is, the game chosen at afternoon has no effect on the night decision, we can just multiply the number of options in every set: 3*3 = 9. So there are 9 different combinations, which are:

A1 N1, A1 N2, A1 N3, A2 N1, A2 N2, A2 N3, A3 N1, A3 N2, A3 N3.

Here I supposed you watch a game in both, night and afternoon. If you can choose to NOT watch any game, the sets will have 4 elements but the reasoning is equal.

7 0

3 years ago

marcia has $20 to purchase food for a party. each bag of candy costs $3 and each bottle of soda costs $2. if x is the number of.

geniusboy [140]

3x+2y $\leq$ 20

3 0

4 years ago

Harry, regan and kelan share £450 in the ratio 2 : 5 : 3 . how much money does kelan get?

Nezavi [6.7K]

Answer:

Kelan gets 135 Euros.

Step-by-step explanation:

First of all you add up the ratio getting 10, with 10 you divide it from 450 getting 45. Then you multiply 3 (Kelan's Part) by 45 getting your answer. Tell me if this helped, i'd appreciate knowing.

5 0

4 years ago