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MAXImum [283]
1 year ago
12

Tom's statement shows a previous balance of $2452.64, a payment of $160, and new transactions $138. what is his new balance if h

is APR is 15.6%?
Marco's unpaid credit card balance is $4332.75. His APR is 18.6% What is his new balance if he made one new transaction of $432?
Mathematics
1 answer:
elixir [45]1 year ago
5 0
Tom:
Previous balance: 2,452.64
payment: 160
new transaction: 138
APR: 15.6%

We need to divide APR by 12 to get the monthly rate: 15.6% / 12 = 1.3%

2,452.64 - 160 = 2,292.64 
2,292.64 * 1.3% = 29.80  interest for the month. We did not include 138 because it still is within the 1 month period and it is not subject to interest. Only the revolving amount of 2,292.64 has interest.
2,292.64 + 29.80 + 138 = 2,460.44 NEW BALANCE OF TOM

Marco:
Unpaid credit card balance: 4,332.75
APR: 18.6% 
New transaction: 432

Divide APR by 12 to get the monthly rate: 18.6% / 12 = 1.55%
4,332.75 * 1.55% = 67.16
4,332.75 + 67.16 + 432 = 4,831.91 NEW BALANCE OF MARCO
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Answer:

  18

Step-by-step explanation:

There are 2+3 = 5 ratio units representing 45 band members, so each ratio unit represents 45/5 = 9 band members.

The 2 ratio units of sixth graders represent 2×9 = 18 sixth grade band members.

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2 years ago
Noah received a $500 signing bonus when he accepted a job as a paralegal. If he makes $28 an hour, which equation models Noah's
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1 year ago
A juice drink filling machine, when in perfect adjustment, fills the bottles with 12 ounces of drink on an average. Any overfill
ozzi

Answer:

d. The average is equal to 12 ounces.

Step-by-step explanation:

In this problem, the drink filling machine must be perfectly calibrated at 12 ounces since it needs to be shut down in cases of overfilling (mean > 12 ounces) and underfilling (mean < 12 ounces). Therefore, the correct approach would be to test if the mean is 12 ounces and the correct set of hypothesis would be:

H_0:\mu=12\\H_a:\mu\neq 12

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1 year ago
The orbit of the planet Venus is nearly circular. An astronomer develops a model for the orbit in which the sun has coordinates
klio [65]
Since the Venus orbits round the sun, the sun is the center of the circular path of the revolution of the planet, Venus.

Thus, the distance of the planet, Venus fron the sun is given by the distance between the points (0, 0) and (41, 53).

Recall that the distance between two points (x_1, y_1) and (x_2, y_2) is given by d= \sqrt{(x_2-x_1)^2+(y_2-y_1)^2}

Thus, the distance between the points (0, 0) and (41, 53) is given by:

d= \sqrt{(41-0)^2+(53-0)^2}  \\  \\ = \sqrt{41^2+53^2} = \sqrt{1,681+2,809}  \\  \\ = \sqrt{4,490} =67 \ units

Given that each unit of the plane represents 1 million miles, therefore, the distance from the sun to the Venus is 67 million miles.
8 0
1 year ago
Frank invests $1,000 in simple interest investment account that pays 8% a year. After a number of years, he withdraws his balanc
ASHA 777 [7]
For the answer to the question above asking <span>how many years was his money invested? The for the answer above is simple, it is I = Prt
</span>1200 = 1000 * 0.08 * t <span>1200 = 80t
the answer is 15 years.
I hope my answer helped you. Have a nice day!

</span>
7 0
1 year ago
Read 2 more answers
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