Do they have a picture which comes w it
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.
_____
<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.
Answer:
<em><u>Linear function :</u></em>The characteristic property of linear functions is that when the input variable is changed, the change in the output is proportional to the change in the input. Linear functions are related to linear equations.
Step-by-step explanation:
We have
y=mx+c
for 1st
not satisfied.
for
2nd
not satisfied
<em><u>3rd</u></em>
<em><u>3rd satisfied</u></em>
4th
[note : substitute value of x to get value of y from table]
so
<u>t</u><u>h</u><u>i</u><u>r</u><u>d</u><u> </u><u>table represents a linear function.</u>
Answer:
The steps 1-7 have been explained
Step-by-step explanation:
The steps are;
1) We will verify that the population standard deviations are known and that the population is normally distributed which means the sample size must be a minimum of 30.
2) We will state the null and alternative hypothesis
3) We will determine the critical values from the relevant tables
4) From the critical values gotten, we will determine it's corresponding region where it can be rejected.
5)We will calculate the value of the test statistic from the formula;
z = [(x1' - x2') - (μ1 - μ2)]/√[((σ1)²/n1) + ((σ2)²/n2)]
6) If the value of the test statistic gotten from step 5 above falls in the region of rejection noted in step 4,then we will reject the null hypothesis
7) After rejection of the null hypothesis, we will now give a decision/conclusion on the claim.