The average daily balance for the month was $84.21, and the finance charge for the month was $30.13.
<h3><u>Averages</u></h3>
Given that Sally's balance on her credit card is $75.00 on the first day of August, and she makes a payment of $18.00 on August 17 and a new purchase of $41.00 on August 29, and the annual interest rate is 21.25%, to determine what is Sally's average daily balance and finance charge for the month of August, the following calculation must be made:
- 75 x ((21.15/12 x 16) / 100) + 75 = A = 86.89
- 57 x ((21.15/12 x 13) / 100) + 57 = B = 70.06
- 98 x ((21.15/12 x 3) / 100) + 98 = C = 103.18
- (86.89 x 16 + 70.06 x 13 + 103.18 x 3) / 31 = X
- 84.21 = X
- 86.89 + 70.06 + 103.18 - 75 - 57 - 98 = Y
- 30.13 = Y
Therefore, the average daily balance for the month was $84.21, and the finance charge for the month was $30.13.
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Answer:
(-5,4)
Step-by-step explanation:
My answer is probably incorrect .-. ._. but I tried my best :) and this is what I got
Hope This Helps
I think it’s d the readers choice of word when responding to a text .
If you set it up in cross multiplication then you would have (x/100 = 45/54) then cross multiply so then i would look like this (54x/4,500) so from there you would divide 54 from 4,500 i hope this helps in any way oh and it should come up to be 83.3333333 which would be 83% lol
Answer: 6 years old.
Step-by-step explanation:
For this exercise let "x" represents your present age.
According to the information provided in the exercise, you know that In three years, Chad will be three times your present age.
Then, your age in three years can be represented with the following expression:
Knowing at that time Chad's age will be three times yours and you will be half as old as old as Chad, you can write the following equation to represent this situation:
Therefore, the final step is to solve for "x" in order to find its value.
You get that this is:
