Answer:
4073.76
Step-by-step explanation:
Hi Student!
This question is fairly simple because it gives us an equation and they also give us a value for the variable that is within the equation and they tell us evaluate the expression. So let's plug in the values and solve.
<u>Plug in the values</u>
<u>Factor out the exponent</u>
<u>Combine</u>
Therefore, the final answer that we would get when substituting m with 9 in the given equation is that we get 86.
Your question doesn't say what are the options, but we can make some reasoning.
The average daily balance method is based, obviously, on the <span>average daily balance, which is the average balance for every day of the billing cycle. Therefore, in order to calculate the average daily balance, you need to sum the balance of every day and then divide it by the days of the billing cycle.
In your case:
ADB = (9</span>×2030 + 21×1450) / 30 = 1624 $
Now, in order to calculate the interest, you should first calculate the daily rate, since APR is usually defined yearly, and therefore:
rate = 0.23 ÷ 365 = 0.00063
Finally, the expression to calculate the interest could be:
interest = ADB × rate × days in the billing cycle
or else:
<span>interest = ADB × APR ÷ 365 × days in the billing cycle
In your case:
interest = 1624 </span>× 0.23 ÷ 365 × 30
= 30.70 $
Answer:
did you forget a picture?
Step-by-step explanation:
Answer: square y cubed
Step-by-step explanation:
