Law High School

Tao used his new credit card to buy a $500 video game system. The credit card charged 10 percent interest each billing cycle. Tao pays the $500 balance before his first statement arrives. How much does Tao still owe the company?


Nothing; no interest is charged if the card is paid before the first billing cycle.


He owes $50, which is 10 percent of $500.


It depends on how many days he took to make the payment.


He owes $55, which includes the initial interest and the compounded interest.

Answers

Answer 1

Tao pays the $500 balance before his first statement arrives. Nothing; no interest is charged if the credit card is paid before the first billing cycle. The correct option is A.

When you pay your credit card bills in full and on time, the credit card company will record a reduced balance to the credit bureaus, giving you an advantage over the competition. Your credit report will reflect this, and a lower credit utilization ratio will provide you with an advantage over the competition.

Any balances left on your credit cards after the due date each month accrue interest. Interest is accumulated daily depending on the so-called Daily Periodic Rate when you carry a balance from month to month.

Thus, the ideal selection is option A.

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Related Questions

2.
City laws would fall under which level in the legal system?

local

state

federal

county

Answers

Answer:

City laws would fall under which level in the legal system?

local

state

federal

county

The correct answer would be C- federal.

Dominique is working on a case that requires imaging software, specifically Forensic Toolkit. Which feature would Dominique be needing if she is using this software? A. file compression B. image editing C. hex editing D. IP tracing

Answers

Dominique is working on a case that requires imaging software, specifically the Forensic Toolkit (FTK). In this context, the feature she would most likely need is option C. hex editing.

Hex editing allows users to analyze and manipulate the binary data of a file, which is particularly useful in digital forensics investigations. With hex editing, Dominique can examine raw data and look for evidence that might not be easily visible through standard file viewers. This feature enables her to uncover hidden information or recover deleted data, both of which could be crucial for her case.

Although file compression (A), image editing (B), and IP tracing (D) might also be relevant in some scenarios, they are not the primary functions of forensic imaging software like FTK. File compression reduces the size of files, image editing manipulates graphics, and IP tracing helps track the origin of network connections, but none of these directly relate to the digital forensics capabilities that Dominique would require in her investigation.

In summary, Dominique would be needing hex editing as the main feature when using the Forensic Toolkit for her case, as it enables her to perform in-depth analysis and manipulation of binary data, essential for a digital forensics investigation. Therefore the correct option C

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What are the names of those former girls presidents from left to right ?

Answers

George H.W. Bush, Barack Obama, George W. Bush, Bill Clinton, and Jimmy Carter
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