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LenKa [72]
2 years ago
9

Carl has a credit card with a balance of $5,260 and an APR of 21%. With the monthly payments he has been making, Carl would be a

ble to pay off his credit card in 18 months. After receiving a promotional offer in the mail, Carl decides to transfer his balance to a new credit card with a 15% "introductory" APR for the first 12 months. After 12 months, the APR increases to 23%. How much will Carl save in finance charges (interest) if he pays off the credit card before the introductory APR expires? a. $285.38 b. $480.30 c. $789.00 d. $917.42
Mathematics
2 answers:
Anna [14]2 years ago
7 0
The Carl save in finance charges (interest) if he pays off the credit card before the introductory APR expires is <span>$480.30

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
</span>
Nataly_w [17]2 years ago
5 0

Answer:

(B) $480.30

just took the test

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1. Natasha invests £250 in a building society account. At the end of the year her account is credited with 2% interest. How much
Kamila [148]

1. Natasha invests £250 in a building society account. At the end of the year her account is

credited with 2% interest. How much interest had her £250 earned in the year?

Solution: Interest = 2% of £250

= 2/100 x £250

 answer       = £5

2. Alan invests £140 in an account that pays r% interest. After the first year he receives £4.20 interest. What is the value of r, the rate of interest?

r/100 x £140 = £4.20

        r = 100 x 4.20 / 140

             = 420/140

           = 3%

So the interest rate is 3%

5 0
2 years ago
Among 21- to 25-year-olds, 29% say they have driven while under the influence of alcohol. Suppose that three 21- to 25-year-olds
Vilka [71]

Answer:

0.6421

Step-by-step explanation:

In this case we have 3 trials and we have 2 options for each one. The driver has or hasn't been under alcohol influence. The probability that the driver has is 0.29 and the probabiility that the driver hasn't is 1 - 0.29 = 0.71

each trial is independent because we are assuming that the population of drivers in between 21 and 25 years old is very big.

The probability that one of them was under alcohol influence can be found by finding the probability that non of them was under alcohol influence because:

1 = p(x = 0) + p(x ≥ 1)

p(x ≥ 1) = 1 - p(0)

The probability that none of them was under alcohol influence is going to be:

0.71×0.71×0.71 = 0.3579

The probability of finding at least one driver that has been under alcohol influence is:

0.6421

4 0
2 years ago
A chicken farm orders bags of feed from two farmers. Store X charges $20 per bag, and store Y charges $15 per bag. The farm must
velikii [3]
Strange problem...
Constraints are Y <= 40 bags and X=Y in quantity. Nothing else matters.  That's a bad decision unless the chicken farmer lost a poker hand to store X.

4 0
2 years ago
Read 2 more answers
The surface area of a square pyramid is 95 square inches. The side length of the base is 5 inches. What is the value of x?
alina1380 [7]
5 i think sorry if im wrong

8 0
2 years ago
A motorboat takes 3 hours to travel 144 km going upstream. The trip takes 2 hours going downstream. What is the rate of the boat
allsm [11]
Let x be rate of boat in still water
let y be rate of current

we use this equation to relate quantities:
distance = speed · time

we have two unknowns so we might need to create a system of equationss

upstream:

speed (in km/h) = x - y
(we get speed of boat then subtract the current's speed from it since current is going against boat direction)

time = 3 hours

distance = 144 km

downstream:

speed (in hm/h) = x + y
(we get speed of boat then add the current's spd from it since current is going against boat direction)

time = 2 hours

distance = 144 km (same distance upstream and downstream)

using distance = speed times time

for upstream
144 =  3(x-y)
144 = 3x - 3y

for downstream
144 = 2(x+y)
72 = x + y

system of eqns:
144 = 3x - 3y
72 = x + y

solve by substitution: move 72 = x + y into x = 72 - y and subst into other equation for x

144 = 3(72 - y) - 3y
144 = 216 - 3y - 3y
144 = 216 - 6y
144 - 216 = -6y
-72 = -6y
y = 12 km/h

Use x = 72 - y to find x with y = 12: x = 72 - 12 = 60 km/h

rate of boat in still water is 60 km/h
rate of the current is 12 km/h
6 0
2 years ago
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