1. Suppose your credit card has a balance of $4200 and an annual interest rate of 18%. You
decide to pay off the balance over two years. If there are no further purchases charged to
the card
a. How much must you pay each month?
b. How much total interest will you pay?

Answers

Answer 1
Use the formula and you should figure it out easy for both hope that helps
Answer 2

a. I will payoff about $243 and 67 cents each month.

b. I will pay a total interest of 39.24%.

How do credit card payoffs work?

They work on the principle of compound interest.

After one year, I have to pay $(4200*18)/100 =$756 extra

which means my principle amount for second year will be 4200+756=4956$

After second year, I have to pay $(4956*18)/100=$892.08 extra

Total payoff at the end of second year=$4200+$756+$892.08=$5848.08

Therefore, each month I need to pay (5848.08/24)=$243.67

To calculate the interest:

Interest= (Total amount payoff - initial balance)*100/initial balance

            =(5848.08-4200)*100/4200

            =39.24%

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Related Questions

Assume that y varies inversely as x. If, y, is 2.4 when x = 5, which is an equation that relates x and y?

Answers

k=y•x
Inverse means 1/variable
y=k•1/x
y=k/x
k=y•x

x=5
y=2.4
k=2.4 • 5
k=12

Answer is:

y=12/x

Good luck.

What are the coordinates of point A?
1.(5,2,0)
2.(5,0,2)
3.(0,2,5)
4.(2,0,5)

Answers

The coordinates of point A are (2, 0, 5).

Then the correct option is the fourth one.

How to get the coordinates of point A?

The general notation for a point on 3 dimensions is (x, y, z).

First, notice that the vertical axis is the Z-axis, the axis that points towards us is the x-axis, the axis that points to the right is the y-axis.

First, we can see that the x-value of A is x = 2.

The z-value of A is z = 5.

And A lies on the plane x_z, then the y-value is y = 0.

Then the coordinates of point A are (2, 0, 5).

So the correct option is 4.

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There are 10 red apples and 12 green apples in a basket. If Vinta randomly selects 3 apples from
the basket, what is the probability they will all be green apples?

Answers

Answer: 1/7

Step-by-step explanation: 12/22 • 11/21 • 10/20

The probability they will all be green apples is 0.142 if there are 10 red apples and 12 green apples in a basket.

What is probability?

It is defined as the ratio of the number of favourable outcomes to the total number of outcomes, in other words, the probability is the number that shows the happening of the event.

As we know,

A permutation is the number of different ways a set can be organized; order matters in permutations, but not in combinations.

It is given that:

There are 10 red apples and 12 green apples in a basket. If Vinta randomly selects 3 apples from the basket.

Total outcomes = number of ways of selecting fruits in the basket

Total fruits = 10 + 12 = 22

Total number of outcomes = C(22, 3) = 1540

Total number of favourable outcomes = C(12, 3) = 220

Probability = 220/1540

Probability = 0.142

Thus, the probability they will all be green apples is 0.142 if there are 10 red apples and 12 green apples in a basket.

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....................

Answers

Answer:

11

Step-by-step explanation:

What are the two offices underneath the jurisdiction of the executive office
In government

Answers

Answer:

National Security Council and Office of Policy Development are two of the offices underneath the jurisdiction of the executive office.

Step-by-step explanation:

Hope this helped!!!

Determine another point on the line given two points on the line. (-2, 9), (2, -1)

Answers

Answer:

(4,-6)  

Step-by-step explanation:

1) First, let's find the slope of the line between the two points. Use the slope formula [tex]m = \frac{y_2-y_1}{x_2-x_1}[/tex], substitute the x and y values of (-2,9) and (2,-1) into it, then solve:

[tex]m = \frac{(-1)-(9)}{(2)-(-2)}\\m = \frac{-1-9}{2+2} \\m =\frac{-10}{4} \\m = -\frac{5}{2}[/tex]

So, the slope of the line is [tex]-\frac{5}{2}[/tex].

2) Now, using that slope, let's find another point on the line. You can do this by drawing the two points on a graph (picture below). Now, remember that the slope is [tex]\frac{rise}{run}[/tex]. So, starting from any of the two points (I chose (2,-1), as seen below) count 5 units down, then 2 units to the right. This gives an answer, (4,-6).

someone please answer this!!

Answers

Answer:

4m is the answer.

Step-by-step explanation:

a = 3m

b = ?

c = 5m

According to the Pythagoras theorem,

a² + b² = c²

3² + b² = 5²

9 + b² = 25

b² = 25 - 9

b² = 16

b = 4m

∴ The distance between the ladder and the bottom of the slide is 4m.

What number is ten more than 100? Write an equation.

Answers

Answer:

10+100=110

Step-by-step explanation:

easy as pie

Answer:

110?

Step-by-step explanation:

If its 10 more (more being addition) than 100 then it should be 110

NEED HELP PLEASE ASAP! BRAINLIEST TO RIGHT ANSWER! Two similar rectangles have areas of 6 in.2 and 24 in.2. What is the scale factor of the smaller rectangle to the larger rectangle?
A. 2 : 1
B. 4 : 1
C. 6 : 1

Answers

The correct answer is B 4:1

When you divide 6/2 and 24/2 you get 4/1

PLEASE HELP !! ILL GIVE BRAINLIEST !!

Answers

Answer:

∠TSQ and ∠UVX

Step-by-step explanation:

The first answer is correct. Alternative exterior angles are angles located on the outside that are on opposite sides from each other


Tyra's kitchen is 42 m wide and 6.3 m long. She is pasting a decorative border strip that costs $5.95 per meter around the top edge of all the walls. How much will she spend?

Answers

Answer:

$124.95

Step-by-step explanation:

The length of the strip is equal to perimeter of the kitchen.

P = 2(4.2 + 6.3) = 21 m

Cost of the strip is:

21*$5.95 = $124.95

original price $125 discount ? sale price $81.25

Answers

Answer:(125-81.25)/125 = 0.35 = 35%

Step-by-step explanation:

Can a triangle be made using the side lengths of 8, 2, 10?

a
Yes.
b
No, the sum of the shortest sides measures less than the longest side.
c
No, the sum of the shortest sides measure is equal to the longest side.

Answers

Answer:

c

Step-by-step explanation:

I'm not completely sure if this is right, but i hope it is :/

I believe it’s c i hoped this helped

what is the simplified form of 48\192?
[tex] \sqrt[?]{?} [/tex]

Answers

Simplified form: 48/192=
2√48.

Which is the graph of f(x)=4(1/2)x

Answers

Answer:

here's the graph

Step-by-step explanation:

Identify the Texas Governor who resigned his office in order to lead Texas Troops in the U.S. vs Mexican War.

Answers

Answer:

Sam Houston

Sam Houston, c. 1850

7th Governor of Texas

In office December 21, 1859 – March 15, 1861

Lieutenant Edward Clark

Step-by-step explanation:

Question 11(Multiple Choice Worth 1 points)

(08.06 MC)

The following data shows the weight, in pounds, of 5 boxes:

3, 1, 2, 2, 2

What is the value of the mean absolute deviation of the weight of the boxes, and what does it represent about the weight of a box?

(A.) 0.4 pound; on average, the weight of a box varies 0.4 pounds from the mean of 2 pounds

(B.) 0.8 pound; on average, the weight of a box varies 0.8 pounds from the mean of 2 pounds

(C.) 0.4 pound; the weight of 50% of the boxes is greater than 0.4 pound

(D.) 0.8 pound; the weight of 50% of the boxes is greater than 0.8 pound

Answers

Answer:

c is the answer

Step-by-step explanation:

Answer:

Step-by-step explanation:

First put the numbers from least to greatest: 1, 2, 2, 2, 3       2 is the mean.

Then you determine the distance each data value is from the mean.

1, 2, 2, 2, 3

1, 0, 0, 0, 1

Calculate the mean of the distances:  1 + 0 + 0 + 0 + 1 = 2

Then divide:  2 divided by 5 = 0.4

So your answer is 0.4 pound; on average, the weight of a box varies 0.4 pounds from the mean of 2 pounds

Simplify each expression using the Order of Operations.

8-6 divided by 2+3 X 5

Answers

Answer:

8 - 6 ÷ 2 + 3 × 5

8 - 3 + 15

5 + 15

20

If you took the amount of oil consumed in 2 months in 2013 worldwide, you could make a cube of oil that measures 103 meters on each side. How many cubic meters of oil is this? Do you think this would be enough to fill a pond, a lake, or an ocean?

Answers

Answer:

The cube contains 1,092,727 cubic meters of oil, which could fill almost all the world's oceans, since they have approximately 1.3 million cubic meters of water.

Step-by-step explanation:

Since if you took the amount of oil consumed in 2 months in 2013 worldwide, you could make a cube of oil that measures 103 meters on each side, to determine how many cubic meters of oil is this and to determine if this would be enough to fill a pond, a lake, or an ocean, the following calculations must be performed, knowing that the volume of a cube is equal to the length of one of its sides cubed:

103 ^ 3 = X

103 x 103 x 103 = X

10,609 x 103 = X

1,092,727 = X

Therefore, the cube contains 1,092,727 cubic meters of oil, which could fill almost all the world's oceans, since they have approximately 1.3 million cubic meters of water.

Use the slope formula to find the slope of the line through the points (−1,−2) and (9,−10)

Answers

Answer:

-4/5

Step-by-step explanation:

m=(y2-y1)/(x2-x1)

m=(-10-(-2))/(9-(-1))

m=(-10+2)/(9+1)

m=-8/10

simplify

m=-4/5

What kind of shape is this?
A. Pentagon
B. Quadrilateral
C. Triangle
D. Hexagon

Answers

Answer: A pentagon
Explanation: 5 sides

Andy's age is 67, which is 17 less than 12 times bills age. What is bills age?

Answers

Bill is about 49 years old.

Answer:

7

Step-by-step explanation:

67 + 17 = 84

84/12 = 7

What is the scale factor of the dilation shown?

Answers

Answer:

A) [tex]\frac{3}{2}[/tex]

Step-by-step explanation:

What is the area of the shaded segment shown? Round your answer to the nearest tenth please help me solve this

Answers

Answer:

0.3 in²

Step-by-step explanation:

This picture is NOT to scale.  That 20° Angle looks more like 70°.

Area of the circle = 81pi = 254.469

20/360 of the circle = 1/18 = 14.137

Area of triangle = 13.851

14.137-13.851= 0.3 in²

What is the probability of randomly choosing a white marble from a bag of
12 red, 12 white, 12 blue and 12 green marbles?
1/2
1/3
O 1/4
1/8

Answers

Answer:

1/4

Step-by-step explanation:

if there are 12 white marbles

and there are 48 in total

you have a probability of picking one 12/48

if you simplify this, you get 1/4!

viola!

hope this helped!

Answer:

1/4

Step-by-step explanation:

if there are 12 white marbles

and there are 48 in total

you have a probability of picking one 12/48

if you simplify this, you get 1/4!

hope this helped!

If f(x) = –3x – 2, what is f(–5)?

Answers

Answer:

f(-5) = 13

Step-by-step explanation:

Substitute x with -5

f(-5) = -3 (-5) - 2

=> 15 - 2

=> 13

hope this helps and is right. p.s. i really need brainliest :)

if this is wrong then I am incredibly sorry!

write a letter to your friend telling her how you are coping in your new senior school​

Answers

Answer:

?

Step-by-step explanation:

help please and explain (no links and random answers for points)

Answers

Answer:

No 2 answer is 6\8 i.e 3\4 for the one eaten and 2\8 i.e 1\4 for the left over

please help meeeeeeeewwewe

Answers

Answer: x = 20

Explanation:
X + 3x + 10 = 90
4x+10=90
-10. -10
4x 80
4. 4
X=20
Step by step:
1. Add
2. Opposite operation +/-
3.Divide
4. Get your answer

A density graph for all of the possible temperatures from 60 degrees to 160 degrees can be used to find which of the following?

A.The probability of a temperature from 30 degrees to 120 degrees
B.The probability of a temperature from 90 degrees to 180 degrees
C.The probability of a temperature from 30 degrees to 90 degrees
D.The probability of a temperature from 90 degrees to 120 degrees

Answers

Answer: 90 degrees to 120

Step-by-step explanation:

The probability of a temperature from 90 degrees to 120 degrees.

What is Probability?

Probability can be defined as the ratio of the number of favorable outcomes to the total number of outcomes of an event. For an experiment having 'n' number of outcomes, the number of favorable outcomes can be denoted by x. The formula to calculate the probability of an event is as follows.

Probability(Event) = Favorable Outcomes/Total Outcomes = x/n

Experiment: A trial or an operation conducted to produce an outcome is called an experiment.

Sample Space: All the possible outcomes of an experiment together constitute a sample space. For example, the sample space of tossing a coin is head and tail.

Favorable Outcome: An event that has produced the desired result or expected event is called a favorable outcome. For example, when we roll two dice, the possible/favorable outcomes of getting the sum of numbers on the two dice as 4 are (1,3), (2,2), and (3,1).

Trial: A trial denotes doing a random experiment.

Given:

Temperatures from 60 degrees to 160 degrees.

As, per the situation the probability will lie between 60 degree to 160 degree.

Hence, The probability of a temperature from 90 degrees to 120 degrees.

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