Interest rate on a credit card is 1/2%. is 1/2% less then,equal to,or greater then 0.005? explain
1 answer:
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Answer:
$124 higher
Step-by-step explanation:
Given
Required
Represent the situation
Determine how much higher or lower is the remaining amount
Let the initial amount in his account be represented with x
When he deposited, the balance becomes
When he withdrew, the balance becomes
Hence, the algebraic expression is
Calculating how much higher or lower
Open bracket
Recall that the initial amount in the account is x
The difference between the balance and the x is as follows
<em>Hence, the account has a higher of $124 after both transactions</em>