A credit card company uses your average daily balance to compute your finance charge. You charge $100 on May 2 and $200 on May 20. What is your average daily balance? If the APR on this credit card is 18%, what would the finance charge be for May?

Answers

Answer 1

Answer:

$2.66

Step-by-step explanation:

Since there are 31 day sin May, and the question doesn't specify any fixed billing cycle, we must calculate the billing cycle using 31 days:

Average daily balance = [($0 x 1) + ($100 x 19) + ($300 x 12)] / 31 days = $5,500 / 31 = $177.42

finance charge for the month of May = average daily balance x APR/12 = $177.42 x 18%/12 = $177.42 x 1.5% = $2.66

Some credit cards use fixed billing cycles, e.g. 30 days for every month, but if we are not given that information we have to assume that the billing cycle starts in day 1 and ends in the last day of the month.


Related Questions

PLEASE HELP IM ON A TEST
The gasoline mileage for two cars can be compared by finding the distance each car traveled and the amount of gasoline used. The graph shows the distance, y, that car A traveled using x gallons of gasoline. The table shows the distance that car B traveled using x gallons of gasoline.



Based on the information in the table and graph, compare the miles per gallon of car A to car B. Show your work or explain your answer.

Answers

Answer:

Car A can travel 25 miles with 1 gallon of gas and car B can travel 20 miles with 1 gallon of gas

Step-by-step explanation:

Based on the graph, you know that car A can travel 50 miles with 2 gallons of gas.  To find how many miles it can travel with 1 gallon of gas, you need to divide the number of miles by the number of gallons of gas it uses to get the answer.  So you do 50/2=25.  That is how many miles it can travel with 1 gallon of gas.  Do the same thing with car B. 60/3=20.  So car B can travel 20 miles with 1 gallon of gas.  You know that car A can travel more because car A can travel 25 miles with 1 gallon of gas while car B can only travel 20 miles with 1 gallon of gas.  Car A can travel 5 more miles than car B with 1 gallon of gas.

Hope this helps. :-)  Please give brainliest

Answer:

ayyyy

Step-by-step explanation:

What is the slope no games please i will report!

Answers

Here the slope is 2/6
Hope this helps I know someone answered before me, but I think mine is correct !

Jane is comparing prices of f bottled drinks. She finds one bottle of water that cost $1.92 and contains 12 ounces. She then finds one of the bottle of the soda that costs 2.40 and contains 16 ounces. Whic cost less per ounce

Answers

Answer:

the soda is less

Step-by-step explanation:

if you divide both the soda and the waters ounces by their price than you will get 0.15 for the soda and 0.16 for the water showing that its 1 cent more expensive than the soda

Someone help me ASAP PLEASE

Answers

Answer: I cant see it

Step-by-step explanation:

multiply
( 4x + 6y ) to the power of two 2
what is the answer?

Answers

Answer:

2

Step-by-step explanation:

please geniuses answer this!!!
Find the LCM and HCF of 110 and 220 by prime factorization what do you observe​

Answers

Answer: Prime factors of 110 are 2, 5, 11. Prime factorization of 110 in exponential form is:

110 = 21 × 51 × 111

Prime factors of 220 are 2, 5. Prime factorization of 220 in exponential form is:

220 / 20 gives you 11

Sara made a scale model of the Eiffel Tower in France. The actual height of the tower is 1063 feet. Sara's model used a scale in which 1 inch represents 100 feet. What is the height in inches of Sara's model?

Answers

Answer:

Look for the bolded words ;'D

Step-by-step explanation:

The proportion setup would be 1/100=x/1063, since youre missing the inches from the actual model. By cross multiplying the equation to get 100x=1063, you'll now need to divide both sides of the equation by 100. This will get you 1063/100 inches, or you can get 10.63 inches by dividing 1063 by 100. You can also get 10 9/25 inches if you simplify the improper fraction...

....lol sorry for taking so long, but have a good day! :'D

An arts academy requires there to be 4 teachers for every 60 students and 3 tutors for every 27 students. How many students does the academy have per​ teacher? Per​ tutor? How many tutors does the academy need if it has 72 students​?

Answers

Answer:

15students per 1 teacher

9 student per 1 tutor.

8 tutors for 72 students

Step-by-step explanation:

From the question, arts academy requires there to be 4 teachers for every 60 students and 3 tutors for every 27 students

✓ 4 teachers for every 60 students

4teacher =60students

Then divide both sides by 4 , i.e (60/4)=15. Which means for every 1 teacher there is 15 students, hence we need 15students per 1 teacher.

✓3 tutors for every 27 students,

3 tutors = 27 students then divide both side by "3" (27/3)= which means we need 9 student per 1 tutor.

How many students does the academy have

per​ teacher?

15students per 1 teacher

Per​ tutor?

9 student per 1 tutor.

How many tutors does the academy need if it has 72 students​?

Since we need 9 student per 1 tutor., Then to know the numbers of tutor with 72 students,

9 student = 1 tutor.

72 students​= X tutor

If we cross multiply we have

72=9X

X=8 tutors

Therefore, we need 8 tutors for 72 students​

I WILL GIVE AWAY 50 POINTS IF YOU GUYS ANSWER THIS RIGHT!!!
PLEASE HELP I NEED THIS RIGHT NOW!

Answers

Answer:

Player A, Player D, Player C, Player B

Step-by-step explanation:

Hope I'm Right :)

Answer:

PLayer B player D player C and Player A

Step-by-step explanation:

Use a two-column proof to prove the Triangle Proportionality Theorem:

Answers

Answer:

Step-by-step explanation:

From the picture attached,

                 Statements                                        Reasons

1). In ΔABC, DE intersects AB and AC  1). Given

2). DE║BC                                              2). Given

3). ∠ADE ≅ ABC                                    3). Corresponding angles postulate

4). ∠AED ≅ ∠ACB                                 4). Corresponding angles postulate

5). ΔADE ~ ΔABC                                  5). AA similarity postulate

6). [tex]\frac{AD}{AB}=\frac{AE}{AC}[/tex]                                           6). Definition of two similar triangles

Hence proved.  

I will mark u as the brainliest I will mark u as the brainiest if u get this correct thx x

Answers

Answer:

260

Step-by-step explanation:

The formula is base times height

Answer:

260

Step-by-step explanation:

Base times height so 20 times 13 and it equals 260 hope i helped

Tickets to a concert cost $50 for each orchestra seat and $40 for each
balcony seat. If 1,500 tickets were sold to earn $69,000, how many
orchestra-seat tickets were sold?
A
600
B 750
h
900
1,380

Answers

Answer:

H. the number of orchestra seat is 900

Step-by-step explanation:

Step one:

let the number of orchestra seat be x

and balcony seat be y

cost of orchestra= $50 each

cost of balcony =$40 each

total tickets= 1500

x+y= 1500----------1

amount earned= $69000

50x+40y=69000--------2

The system of equation for the situation is

x+y= 1500----------1

50x+40y=69000--------2

from 1, x=1500-y

put this in equation 2

50(1500-y)+40y=69000

75000-50y+40y=69000

-10y=69000-75000

-10y=-6000

divide both sides by -10

y=-6000/-10

y=600

put y= 600 in equation 1

x+600= 1500

x=1500-600

x=900

Consider these functions:
f(x)=4x³-10
g(x)=3x-4/2
What Is the value of g(f(2))?
A. -6
B. 2
C. 19
D. 31​

Answers

Answer:

i'm gonna say that its    negitive 6 number one

Step-by-step explanation:

The value of g(f(2)) is 31 which correct option(D).

What is function?

The function is defined as mathematics expression defines a relationship between one variable and another variable.

f(x) = 4x³-10

g(x) = 3x-4/2

Substitute value of f(x) in g(x),

[tex]g(f(x)) = \dfrac{3(4x^3-10) - 4}{2}\\g(f(x)) = \dfrac{12x^3-30 - 4}{2}\\g(f(x)) = \dfrac{12x^3-34}{2}[/tex]

g(f(x)) = 6x³-17

Substitute x = 2,

g(f(2)) =  6(2)³-17

g(f(2)) = 6(8)-17

g(f(2)) = 31

Learn more about function here:

brainly.com/question/12431044

#SPJ5

At a factory the basic week is 40 hours. During a particular week Mr. Ali earned a gross wage of $491.15, but $156.75 was overtime.Calculate Mr. Ali's basic rate of payment If overtime was paid for at time-and-a-quarter, find how many hours

Answers

Answer:

Mr. Ali worked for 55 hours.

Step-by-step explanation:

Basic working hours = 40 hours

Total gross wages = $490.15

Overtime wages = $156.75

Total wages as per basic week = Total Gross wages - Overtime wages

Total wages as per basic week = $490.15 - $156.75 = $334.4

Let wages for basic hours = [tex]\$x[/tex]

[tex]40\times x = \$334.4\\\Rightarrow x = \bold{\$8.36}[/tex]

Let the number of overtime hours = [tex]y[/tex] hours.

Given that the wages for overtime are paid for at time-and-a-quarter.

As per question statement:

[tex]y\times 8.36\times \dfrac{5}{4} = $156.75\\\Rightarrow y = \bold{15\ hours}[/tex]

Total number of hours worked by Mr. Ali = 40 + 15 = 55 hours

Find the value of x. ། 23 129​

Answers

Answer:

45

Step-by-step explanation:

Hope this helped

Need answer ASAP!!!!

Answers

Answer:

4

Step-by-step explanation:

The first triangle has the ratios 10:6:8. The next one has the ratios 5:3:x. If you have paid close attention, you can divide the first one by 2 to get the second one. 8/2 is 4 so the correct answer is 4.

Hope this helps plz mark brainliest if correct :D

What is 3/4 divided 1/6?

Answers

Answer:

3/4 divided by 1/6 = 4.5

Step-by-step explanation:

the zamboni will resurface 270 square meters of ice per minute. How long will it take to resurface a rink that's 80 meters long and 70 meters wide.

Answers

Answer:The remaining area to cover is

.9 * (25m * 40m)

Step-by-step explanation:

What is the domain of the square root function graphed below?

Answers

Answer:

Option (4)

Step-by-step explanation:

Domain of a function is a set of x-values (Input values) of the function.

For the given graph of square root function,

x - values starts from x = 0 and tends to x = ∞

Therefore, domain of the function will be,

x ≥ 0

Option (4) will be the correct option.

easy 25 points answer soon please

Answers

Answer:

10

Step-by-step explanation:

Find the approximate side length of a square game board with an area of 159 in.
(Round to the nearest inch as needed.)

Answers

Answer:

hope this helps, happy learning!!!

for me ots allmost 11 at night please help​

Answers

Answer:

slope(m)= (9/4) and y intercept =5

Step-by-step explanation:

3. Functions f, g, and h are defined as follows: f(x) = x + 1, g(x) = x2 +1, and h(x) = x + 1. (a) Find the inverse of function g(x). (b) Find f(h(-2)). (c) Find g(f(3)).​

Answers

9514 1404 393

Answer:

  (a) g^-1(x) = ±√(x -1)

  (b) 0

  (c) 17

Step-by-step explanation:

(a) The inverse is found by solving for y:

  x = g(y)

  x = y² +1

  x -1 = y² . . . . . . subtract 1

  y = ±√(x-1) . . . . take the square root

  g^-1(x) = ±√(x -1) . . . . in functional form

Note: the inverse of g(x) is not a function, because it is double-valued.

__

(b) f(h(-2)) = f(-2+1) = f(-1) = f(-1+1)

  f(h(-2)) = 0

__

(c) g(f(3)) = g(3+1) = g(4) = 4² +1

  g(f(3)) = 17

Two math students were asked to write an exponential growth equation that had a starting value of 300 and a growth rate of 2%. Pierre thinks the answer is y= 300 (1.02)x and Scott thinks that the answer is y= 300 (1.2)x Are either of them right and why?

Answers

Answer:

Pierre is right

Step-by-step explanation:

The correct formula for Exponential growth rate is given as:

y = a( 1 + r) ^t

Where

y = Amount after time t

a = Initial amount

r = Growth rate

t = time

From the question

a = 300

r = 2% = 0.02

Hence, our exponential growth rate =

y = 300( 1 + 0.02)^t

y = 300( 1.02)^t

Therefore, Pierre is right

Fred needs to rent an office building. He needs 10,000 square feet of space. If Tammy found a building to rent that is 81 feet by 102 feet, is this building large enough to meet Fred’s building needs? Explain your answer.

Answers

No because the area of the building that Tammy found is 81 by 102 so you multiply 81x102 and get 8262 and Fred need 10000 square feet

Can someone help a fellow out :( ?

Answers

First to answer

Answer:

16/24

of the chocolate cake was eaten

13/16

of the red velvet cake was eaten

and

5/12

of the white cake was eaten.

Step by step explanation:

I subtracted the whole amount of cake by what was left.

Please help for 18 points I am stuck . Thank you.

Answers

I don’t really know but it’s either 3/8 or 5/8 aheheheh

I'm on my sisters account and I'm in 4th grade please help me

Answers

Answer:

2.5

Step-by-step explanation:

Its too simple to explain soz

Answer:

2.5 :)

Step-by-step explanation:

Help I would greatly appreciate it

Answers

download slader and type in your books code and it will give you all the answers to that book ;)

Answer:

my biggest tip would be use a percentage calculator

what is the slope of the line that runs through the 2 points?
(8,10)(-7, 14)

A.15/4
B. -15,4
C. 4/15
D. -4/15

Answers

Answer:

it's B let me know if I'm wrong

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