Answer:
$86.81
Step-by-step explanation:
Using the given formula, we want to compute A for ...
P = 4750
r = 0.2279
n = 365 . . . . . assuming "exact" interest
t = 1 or 30
For 1 day late:
A = 4750(1 +0.2279/365)^(365·(1/365)) = 4752.97
For 30 days late:
A = 4750(1 +0.2279/365)^(365·(30/365)) = 4839.78
The difference in these payment amounts is ...
$4839.78 -4752.97 = $86.81
You would save $86.81 in interest charges by paying only 1 day late.
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<em>Comment on the question</em>
It would be a poor choice of credit card to use one that compounds interest daily. Most do so on a monthly basis.
We have been given that Jenna saves $3 for every $13 dollars she earns. Vanessa saves $6 for every $16 she earns.
We can compare the ratios of saved money to earned money by Jenna and Vanessa as:
Let us simplify our equation.
We can see that , therefore, Jenna's ratio of money saved to money earned is not equivalent to Vanessa's ratio of money saved to money earned.
Answer: To increase an amount by 7%, you would want to use 1.07 as the multiplier. To decrease it, you would use 0.93
Step-by-step explanation:
Answer:
390
Step-by-step explanation:
500*.22=110
500-110=390
390
16 oz = 1 lb
Step-by-step explanation:
9.375 lb = 150 oz
Answer:
9.375 lb
150 oz
its d or e