Plot the point (0,6), (3,15.8) and (9.5,0) using the graphing tool, and find the function
2 answers:
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Answer:
New balance = $316.8
Step-by-step explanation:
Given : Maya's unpaid balance is $205.16. Her APR is 14.4% and she has $82.10 in new transactions.
To find : What is her new balance?
Solution : First we find out the finance charge
Unpaid balance = $205.16
Finance rate = 14.4%
Finance charge = Unpaid balance × finance rate
Finance charge = $29.54
New purchase = $82.10
New balance = Unpaid balance + finance charge + new purchase
New balance = $205.16 + $29.54 + $82.10
New balance = $316.8
Calculate the difference between purchase and sales costs:
$52,000 - $42,000 = $10,000
Calculate what fraction of $52,000 is $10,000:
Transform it to the percent: