Yvonne's credit car has an apr of 17.79 percent and a 30 day billing cycle. Between the previous balance method and the daily balance method

Answers

Answer 1

Between the previous balance method and the daily balance method, the method of calculating Yvonne's June finance charge that will result in a greater finance charge is:

c. The previous balance method will have a finance charge $0.45 greater than the daily balance method.

What is the previous balance method?

Using the previous balance method to compute the finance charge, the beginning balance is added to purchases minus payments.  Then the APR is applied to the sum.

What is the daily balance method?

The daily balance method ensures that an average daily balance is computed for the billing cycle and then the APR is applied to the average to compute the finance charge.

Date   Transaction             Amount ($)   Balance     Daily Balance

6/1      Beginning balance    925.43      $925.43  $5,552.58 ($925.43 x 6)

6/7     Payment                       62.74      $862.69     3,450.76 ($862.69 x 4)

6/11    Purchase                      28.27      $890.96     8,909.60 ($890.96 x 10)

6/21   Purchase                      50.00      $940.96    9,409.60 ($940.96 x 10)

Total                                                        $27,322.54

Average daily balance = $910.75 ($27,322.54)

APR = 17.79%

MPR = 1.4825% (17.79%/12)

Finance Charges:

Previous balance method = $13.95 ($940.96 x 1.4825%)

Average daily balance = $13.50 ($910.75 x 1.4825%)

Difference = $0.45 ($13.95 - $13.50)

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Question Completion:

The following table details her credit card transactions in the month of June.

Date   Transaction             Amount ($)

6/1      Beginning balance    925.43

6/7     Payment                       62.74

6/11    Purchase                      28.27

6/21   Purchase                      50.00

Between the previous balance method and the daily balance method, which method of calculating Yvonne's June finance charge will result in a greater finance charge, and how much greater will it be?

a. The daily balance method will have a finance charge $0.21 greater than the previous balance method.

b. The daily balance method will have a finance charge $0.53 greater than the previous balance method.

c. The previous balance method will have a finance charge $0.45 greater than the daily balance method.

d. The previous balance method will have a finance charge $0.40 greater than the daily balance method.


Related Questions

A tourist from the U.S. is vacationing in Greece. One day, he notices that gasoline costs 1.28 euro per liter. On that same day, euro is worth 1.09 dollars. How much does the gas cost in dollars per gallon? First fill in the two blanks on the left side of the equation using two of the ratios. Then write your answer rounded to the nearest hundredth on the right side of the equation.

Answers

The cost of the gas in dollars per gallon would be = $5.3 per gallon.

What is the conversation of liters to gallon?

Liters can be converted to gallon as 1 liter = 0.264 gallon.

On the first day, the cost of gasoline = 1.28 euro per liter

On the first day, the worth of £1 = $ 1.09

Which means, if £1 = $1.09

£ 1.28 = $x

Make $x the subject of formula;

$x = 1.28 × 1.09/1

$x = $1.40

Which means that on the first day, the cost of gasoline in dollars = $1.40

To convert liters to gallon;

1 liter = 0.264 gallon

If $1.40 = 0.264 gallon

$x = 1 gallon

make $x the subject of formula;

$x = 1×$1.40/0.264

$x = 5.3

Therefore, the cost of gasoline in dollar per euro = $5.3 per gallon.

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How many units are in 10 lots

Answers

A standard lot is an amount of currency which is the same as 100,000 units of a base currency .

What are the types of lot sizes?

There are three lot sizes;

The standard lotThe mini lotThe micro lot

In finance, a lot indicates a measure or increment of a commodity that can be transacted. Products are bought and sold using different lot sizes. Products such as spot forex are sold in lots of 100,000, 10,000, 1,000, or 100 units.

Competition and brokerage online has resulted in the introduction of various lot sizes and forms.

A change of $10 corresponds to a pip movement of a standard lot.

By buying $100,000 at ¥110.00 and the price increases to ¥110.50, which indicates a 50 pip movement and a gain of $500 and vice versa.

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Find a polynomial function of degree 4 with -1 as a zero of multiplicity 3 and 0 as a zero of multiplicity 1.

Answers

Step-by-step explanation:

a polynomial of degree 4 must have 4 zeroes.

when we know these zeroes, we can define the polynomial by the factors defining these zeroes.

after all, a multiplication of several factors can only be zero, if at least one of the factors is zero.

we have 3 zeroes at x = -1. and 1 zero at x = 0.

so,

f(x) = (x + 1)(x + 1)(x + 1)x

you see ? this will only be zero, if x = -1 or x = 0. and -1 is built in as zero 3 times.

let's do the multiplications :

(x + 1)(x + 1) = x² + 2x + 1

(x + 1)x = x² + x

(x² + 2x + 1)(x² + x) = x⁴ + x³ + 2x³ + 2x² + x² + x =

= x⁴ + 3x³ + 3x² + x

f(x) = 1x⁴ + 3x³ + 3x² + 1x

Jay and Ted observed two points, P and Q, on a number line.

A number line is shown from negative 1 to positive 1 with increments of 1 over 8. The numbers negative 1, negative 6 over 8, negative 4 over 8, negative 2 over 8, 0, 2 over 8, 4 over 8, 6 over 8 are labeled on the number line. A point P is shown at the first tick mark to the left of 0, and a point Q is shown at the first tick mark to the right of 0.
Jay said that the absolute values of the numbers represented by the two points are the same.

Ted said that the absolute values of the numbers represented by the two points are different.

Which of the following explains who is correct? (1 point)

Jay, because each point is fraction 1 over 8 unit from 0
Jay, because the distance between the points is fraction 1 over 8 unit
Ted, because the points are on different sides of 0
Ted, because the points are at different locations on the number line

Answers

Jay, because each point is fraction 1 over 8 unit from 0.

What is absolute length?

One way to think about a number's absolute value is as its distance from zero on the real number line.In addition, the distance between two real numbers is the absolute value of their difference.

For instance, the absolute value of 12:

Since each number is 12 units away from zero, it is clear that 12 and -12 both have the same absolute value, which is 12. In order to determine the absolute value of a negative number, simply remove the minus sign. Absolute value is always positive.

Absolute value is the length from which the number is from 0 in this they are adding two so it would mean that they are both 1/8 away from 0.

Hence, Jay, because each point is fraction 1 over 8 unit from 0.

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Joyce paid $120.00 for an item at the store that was 40 percent off the original price. What was the original price?

$

Give your answer to the nearest cent.

Answers

The original price was $200.00. If you subtract 100-40=60 so 60% of the original price is $120.00… so then you have to divide 120 by 6 to get $20 which is equal to 10%. Now you just multiply 20 by 4 to get $80 and then just add it to 120 to get $200.00

Simplify.
-6√7.4√5
-2√35
24√√35
-24 √√35

Answers

The simplified form of the expression is -24√35

Expression

Basically, an expression is the mathematical statements that have a minimum of two terms containing numbers or variables, or both, connected by an operator in between.

Given,

Here we have the expression -6√7.4√5

Now, we have to simplify the expression.

While we looking into the given expression, we have identified that the expression is in the form of multiplication,

So, the first step in solving the expression is to group the similar element,

So, the grouped form of the expression is,

=> (-6 x 4).(√7 x √5)

Now, we have to perform the multiplication on it, then we get,

=> -24√35

Therefore, the simplified form of the expression is -24√35

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What is the constant of proportionality, ?
I
y
30+
28+
26+
-24+
22+
20+
18+
16+
14+
12+
10+
8+
6+
4+
2+
2
3
4
5
6
7
8
I

Answers

Answer:50.8%

Step-by-step explanation:

what is 500,000x100=

Answers

5 x 10^7 in scientific notation and 50,000,000 in regular form

The simplified form of the expression 500,000 multiplied by 100 equals 50,000,000 or 5 x [tex]10^7.[/tex]

We have,

The product of 500,000 multiplied by 100.

= 500,000 x 100

= 50,000,000

This can be written as:

= 5 x [tex]10^7[/tex]

Therefore,

The simplified form of the expression 500,000 multiplied by 100 equals 50,000,000 or 5 x [tex]10^7.[/tex]

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A waterskier skis over the ramp shown in the figure at a speed of 30 ft/s. How fast is she rising as she leaves the ramp?

Answers

The waterskier has a final speed of approximately 25.350 feet per second.

What is the final speed of the waterskier?

In this question we need to determine the final speed of the waterskier, that is, the final speed of the waterskier when she leaves the ramp. This can be done by means of the principle of energy conservation, where the total energy is the result of combining translational kinetic energy (K), in pounds-feet per second, related to the speed of the waterskier, and gravitational potential energy (U), in pounds-feet per second.

The equation that represents the situation is described below:

K = U + K'

0.5 · m · v² = m · g · h + 0.5 · m · v'²

0.5 · v² = g · h + 0.5 · v'²

v'² = v² - 2 · g · h

Where:

K' - Final translational kinetic energy, in pounds-feet per second.K - Initial translational kinetic energy, in pounds-feet per second.m - Mass of the waterskier, in pounds.v - Initial speed of the waterskier, in feet per second. v' - Final speed of the waterskier, in feet per second.g - Gravitational acceleration, in feet per square second. h - Final height of the waterskier, in feet.

If we know that v = 30 ft / s, g = 32.174 ft / s² and h = 4 ft, then the final speed of the waterskier is:

v' = √[(30 ft / s)² - 2 · (32.174 ft / s²) · (4 ft)]

v' ≈ 25.350 ft / s

The final speed of the waterskier is approximately 25.350 feet per second.

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Which of the following is a rational expression?
1) 2
2) 6/x-20
3) 20x^2+2/9x^3+x
4) All of them are rational expressions?

Answers

Answer:

All of them

Step-by-step explanation:

A rational expression is simply a quotient of two polynomials. Or in other words, it is a fraction whose numerator and denominator are polynomials.

A department store buys 400 shirts at a cost of $3,200 and sells them at a selling price of $10 each. What is the percent markup?

Answers

3,200/400=8 and to get to ten is just 25% so it’s 25%

100 pointers! pls answer ASAP!!!!
find the measure of angle A show all your work

Thx

Answers

The value of ∠A in triangle ABC is 40°

What is a triangle?

A triangle is a geometric figure with three edges, three angles and three vertices. It is a basic figure in geometry.

The sum of the angles of a triangle is always 180°

In the given triangle ABC,

∠A=7x-16°, ∠B=81°

By alternate segment theorem,

∠C=4x+27°

The sum of all the angle of a triangle is 180°.

∠A+∠B+∠C=180°

⇒7x-16+81+4x+27=180

11x=180-92

11x=88

x=8

So the value of ∠A=7×8-16 = 40°

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Answer:

The value of ∠A in triangle ABC is 40°

Pretty much the same as the person that posted before.

Suppose an investment account is opened with an initial deposit of $18,500 earning 6.25% interest, compounded continuously. How much will the account be worth after
25 years? (Round your answer to two decimal places.)
$

Answers

The amount in the account after 25 years be $ 84,216.11

Given, an investment account is opened with an initial deposit of $18,500 earning 6.25% interest, compounded continuously.

We have to find the amount in the account after 25 years.

Now, on using the compound interest amount formula, we get

Amount = P(1 + r/100)^t

Amount = 18500(1 + 6.25/100)^25

Amount = 18500(1.0625)^25

Amount = 18500(4.55)

Amount = 84,216.1137

Hence, the amount in the account after 25 years be $ 84,216.11

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Ted is a freshman attending a 4-year college. He has been approved for an $8,000 subsidized federal loan at 4.29% for 10 years. How much will the U.S. Department of
Education subsidize in interest costs during his 4.5-year non-payment period?

Answers

Answer:

  $1544.40

Step-by-step explanation:

You want to know the amount of interest cost subsidized by the Department of Education during the 4.5-year non-payment period on an $8000 subsidized federal loan at 4.29%.

Interest

The interest accrued on the loan amount is found by the simple interest formula:

  I = Prt

The principal is $8000, the rate is 4.29%, and the time period is the non-payment period, 4.5 years. The interest is ...

  I = $8000·0.0429·4.5 = $1544.40

The DoE will subsidize $1544.40 in interest during the non-payment period.

__

Additional comment

For the purpose of this problem, the 10-year period of the loan is irrelevant, as we're only concerned with the 4.5 year period before repayment starts. Because the loan is subsidized, that interest is never "capitalized" and is not due to be repaid by the borrower.

<95141404393>

(x+1)² using identity





please help on this question

Answers

Answer:

[tex]x^2+2x+1[/tex]

Step-by-step explanation:

Note that [tex](a+b)^2=a^2+2ab+b^2[/tex].

Let [tex]a=x[/tex] and [tex]b=1[/tex].

[tex](x+1)^2=x^2+2(x)(1)+1^2=x^2+2x+1[/tex]

What is the smallest distance between the origin and a point on the graph of y = 1/2*(x^2 - 8)?

Answers

The smallest distance between the origin and a point on the graph of y = 1/2(x² - 8) is √7 units.

Given, a function

y = 1/2(x² - 8)

We have to find the smallest distance between origin and a point on the graph of y = 1/2(x² - 8).

Now, the point on the graph be,

( x , 1/2(x² - 8) ) and origin be (0 , 0)

Let the function of the distance between both the points be,

D = √(x - 0)² + (1/2(x² - 8) - 0)²

D = √x² + 1/4(x² - 8)²

D² =  x² + 1/4(x² - 8)²

On differentiating, we get

2DD' = 2x + x(x² - 8)

x³ + 2x - 8x = 0

x³ - 6x = 0

x(x² - 6) = 0

So, x = 0 , √6 , -√6

and the distance is minimum for x = √6

Therefore, using distance formula, we get

Distance = √(x1 - x2)² + (y1 - y2)²

Distance = √(0 - √6)² + (0 - (-1))²

Distance = √6 + 1

So, the smallest distance between the origin and a point on the graph of y = 1/2(x² - 8) is √7 units.

Hence, the smallest distance between the origin and a point on the graph of y = 1/2(x² - 8) is √7 units.

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Consider two consecutive positive integers such that the square of the second integer added to 6 times the first is equal to 106.

Answers

The value of the consecutive numbers are 7 and 8.

What are consecutive integers?

Consecutive integers simply means the numbers that follow each others. It should be noted that such numbers have the same difference between them.

From the information given, we want to find two consecutive positive integers such that the square of the second integer added to 6 times the first is equal to 106.

Let the numbers be x and x+1.

Therefore, 6x + (x + 1)² = 106

6x + x² + 2x + 1 = 106

Collect like terms

x² + 8x + 1 - 106

x² + 8x - 105

x² + 15x - 7x - 105

x(x + 15) - 7(x - 15) = 0

Therefore x - 7 = 0

x = 0 + 7

x = 7

Therefore x + 1

= 7 + 1

= 8

The numbers are 7 and 8.

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Two tracking stations are on the equator 163 miles apart. A weather balloon is located on a bearing
of N 43°E from the western station and a bearing of N 17°E from the eastern station. How far, to the
nearest mile, is the balloon from the western station? i got 322 miles

Answers

If the overhead was 20% of the cost of each towel. The selling price of each towel is 5.88.

What is the percentage?

It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.

The usage of percentages is widespread and diverse. For instance, numerous data in the media, bank interest rates, retail discounts, and inflation rates are all reported as percentages. For comprehending the financial elements of daily life, percentages are crucial.

Suppose the selling price of a towel is x, according to the given condition,

5 = x - 15% of x

5=x-0.15x

5=0.85 x

x=5/0.85

x=5.88

Thus, if the overhead was 20% of the cost of each towel. The selling price of each towel is 5.88.

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15. Tim can finish painting his barn in 10 hours. It takes
his wife JoAnn only 8 hours to do the same job. If they
work together, how long will it take them to complete the
job?

Answers

Answer:

4 4/9

is the time it will take

Add.

(-x³-x)+(6x² + 6x -7)

Answers

Answer:

[tex]-x^{3}+6x^{2} +5x-7[/tex]

Step-by-step explanation:

-x^3-x+6x^2+6x-7

Order the polynomial from exponent order to make it easier

-x^3+6x^2+6x-x-7

-x^3+6x^2+5x-7

Hopes this helps please mark brainliest

Answer:

-x^3+6x^2+5x-7

Step-by-step explanation:

open parentheses, collect like terms.

The farmer has 8.9kg of animal feed. In a day, he used 350g for the chickens, 675g for the cows and 1.3kg for the horses. How much feed will he have left?​

Answers

Answer:

-1027.4

Step-by-step explanation:

that is the answer i got from my calculations. I hope this is right

Heather and her friends want to buy tickets to the Harry Styles concert. Each ticket cost 85$ and parking cost 25$. Write an equation to represent if Heather spends 280$

Answers

answer: 85+85+85+25



a magician charges a $30 fee to cover travel and expenses, plus $19.99 per hour. Write an equation to represent the relationship between h, the number of hours, and t, the total charge for the magician.

Answers

The equation to represent the relationship between h and t is

t = 30 + 19.99h.

What is an equation?

Two or more expressions with an equal sign are defined as an equation.

Given that, the magician charges a $30 fee one time and a $19.99 fee per hour.

The total charge, t,  for the magician for h hours is,

t = 30 + 19.99h

Hence, the equation to represent the relationship between h and t is

t = 30 + 19.99h.

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Help to solve this question attached below###

Answers

Seems as though it’s the y intercept.

Which fraction has the same value as 44.4¯%?

Answers

Answer: 111/250

Step-by-step explanation:

Step 1: Write down the percent divided by 100 like this:

44.4% = 44.4/100

Step 2: Multiply both top and bottom by 10 for every number after the decimal point:

As we have 1 digit after the decimal point, we multiply both numerator and denominator by 10, or, simply shift 1 decimal place to the right. So,

44.4/100 = (44.4 x 10)/(100 x 10) = 444/1000.

Step 3: Simplify (or reduce) the above fraction by dividing both numerator and denominator by the GCD (Greatest Common Divisor) between them. In this case, GCD(444,1000) = 4. So,

There are 8 roses and 7 daisies in a vase.
(a) What is the ratio of roses to all flowers in the vase?
(b) What is the ratio of daisies to all flowers in the vase?

Answers

a) 8:15
b) 7:15

Hope it helps

A little help please i dont know how to do this

Answers

Since the problem did not specify which direction I did both.

For 90 degrees clockwise, A’=(2,3) B’=(4,-2) C’=(1,-3)

For 90 degrees counterclockwise, A’=(-2,-3) B’=(-4,2) C’=(-1,3)

Multiply.

1,000 x 550.343978

Answers

Answer:

1,000 x 550.343978 = 550343.978

1,000 x 550.343978 = 550343.978

what is the ancer to 50+50

Answers

Answer: 100 is the ancer m

Step-by-step explanation: my man

. Which equations are true? Choose all that apply.
A. 2 x 0 = 2
B. 5x0=9×0
D.) 1 x 3 = 3
C. 6 x 1= 3x2

Answers

B C and D are all right because anything times 0 is 0 the 6x1 is 6 and 3x2 is 6 then anything times one is itself
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