Sam is getting ready for a big date when he realizes that he has no money. his roommate, Bill, also has no money, but he has a credit card. knowing that nobody will let Sam use Bill's credit card, Sam asks Bill to put out a cash advance for $120.00. Bill agrees under the condition that Sam is responsible for all interest that accrues on the cash advance which is 30% interest rate, compounded monthly. The $120 cash advance is repaid in monthly installments over 5 years. How much should Bill ask Sam to pay in interest for the cash advance?

Answer:

b 112.80

Step-by-step explanation:

took test on edge

The interest that accrues on the initial down payment at 30% interest rate is  $408 .

The term interest refers to money that accrues on a principal sum. It is commonly employed in the parlance of borrowing money.

Since it is a compound interest;

A = P(1 + r/n)^nt

Where;

A = amount

P = principal

r = rate

n = number of times compounded per year

t = total time taken

A = 120(1 + 0.025)^12 × 5

A = $528

A = P + I

I = A - P

I = $528  - $120

I = $408

Learn more about compound interest: https://brainly.com/question/25857212

D is going in the 4th quadrant. Please help

x=0,100,200,300, y=3.5,38.5 73.5, 108.5

Plz help me well mark brainliest if correct!!.....

The Brazos River is the longest river in Texas with a length of 1, 352 km. The elevation of the source is 453 m above sea level, and the mouth is the Gulf of Mexico, with an elevation of m above sea levelAt what angle does the Brazos River flow, on average , in degrees ? (Round to the nearest hundredth .)

Please help me please

What is the arc measure of major arc ABC in degrees?

Find the value of x to the nearest tenth

Given that the measure of ∠x is 149°, and the measure of ∠y is 110°, find the measure of ∠z.

Which type of graph would be best for showing the average yearly bonus amounts for employees in different departments of an IT company?

A. a bar graph
B. a circle graph
C. a histogram
D. a line graph

PLEASE HE L P IT WOULD mean the world to me<3..............................................................................................................................................................................Three salesmen work for the same company, selling the same product. And, although they are all paid on a weekly basis, each salesman earns his paycheck differently. Salesman A works strictly on commission. He earns $65 per sale, with a maximum weekly commission of $1,300. Salesman B earns a weekly base salary of $300, plus a commission of $40 per sale. There are no limits on the amount of commission he can earn. Salesman C does not earn any commission. His weekly salary is $900.

The weekly paycheck amount for each salesman, p, is a function of the number of sales, s, they had in that week.

Is the function representing the weekly paycheck amount of Salesman A a proportional relationship? Use complete sentences to explain your reasoning.
Is the function representing the weekly paycheck amount of Salesman B a proportional relationship? Use complete sentences to explain your reasoning.
Is the function representing the weekly paycheck amount of Salesman C a proportional relationship? Use complete sentences to explain your reasoning.

I don't really understand how to do this if you could help please help asap, thank you

Question 8
8. Ray is making face masks and needs to
purchase elastic cord. He needs 10.25 cm
elastic cord for each face mask. He orders 20
m of elastic cord. If he doesn't want any of
the cord to be wasted, what is the least
amount of extra cord that he would need to
add to his order of 20 m?
A.
B.
9 cm
10.25 cm
C.
D.
20.09 m
20.9 m

A small cake is cut into 4 equal pieces. What fraction represents the entire cake? Explain.

PLEASE I need help really bad I only have 10 minutes left to turn it in!! I’ll mark you as brainliest please!!!