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Jared’s average daily balance for last month was $560. The finance charge was $8.12.

a. What was the monthly percentage rate?
b. What was the APR?

Answers

Answer 1

Answer:

A) monthly percentage rate = 1.45%

B) APR = 17.4%

Answer 2

The monthly percentage rate was 1.45 % and the annual percentage rate was 17.4%.

What is the percentage?

The percentage is defined as a ratio expressed as a fraction of 100.

We have been given that Jared’s average daily balance for last month was $560. The finance charge was $8.12.

We have to determine the monthly percentage rate.

The monthly percentage rate is the percentage ratio of the finance charge to the average daily balance.

The monthly percentage rate = finance charge / average daily balance

The monthly percentage rate = $8.12 / $560 × 100

The monthly percentage rate = 0.0145 × 100

The monthly percentage rate = 1.45 %

The Annual percentage rate = 12 × monthly percentage rate

The Annual percentage rate = 12 × 1.45 %

The Annual percentage rate = 17.4 %

Therefore, the monthly percentage rate was 1.45 % and the annual percentage rate was 17.4%.

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Related Questions

A limousine cost 75,000 new but deprecates at rate of 23% per year what is the value of the limousine after five years

Answers

Answer:

$20,300.88

Step-by-step explanation:

First Year : 75,000x(1-23%)

Second Year: 75,000x(1-23%)x(1-23%)

=75,000x(1-23%)^2

Third Year : 75,000x(1-23%)x(1-23%)x(1-23%)

=75,000x(1-23%)^3

x Year : 75,000x(1-23%)^x              (Analogical Reasoning)

Hence : Fifth year:75,000x(1-23%)^5 = 75000x(0.77)^5

23%=0.23 1-23%=1-0.23=0.77

Therefore Fifth Year: 75000x(0.77)^5=$20300.88

4 * 4 * 4 * 5 * 5
help please

Answers

Answer:

=1600

Step-by-step explanation:

=4*4*4*5*5

=16*4*25

=64*25

=1600

Hope this helps, have a nice day/night! :D

What is the slope of the line that passes through the ordered pairs(1,14)and(−5,−34)?

Answers

Answer:

The answer is 8!

Step-by-step explanation:

I took the quiz. Have a great day, hope this helps!

divide: 994.14 ÷ 18.9

Answers

Answer:

52.6?

Step-by-step explanation:

Step-by-step explanation:

[tex] \\ 994.14 \div 18.9[/tex]

[tex] \\ = \frac{99414}{100} \div \frac{189}{10} [/tex]

[tex] \\ = \frac{49707}{50} \div \frac{189}{10} [/tex]

[tex] \\ = \frac{49707}{50} \times \frac{10}{189} [/tex]

[tex] \\ = \frac{263}{5} [/tex]

[tex] \\ = 52.6[/tex]

Solve for x. Round to the nearest tenth, if necessary. S 210 X 5.5​

Answers

Answer:

1155.0

Step-by-step explanation:

If the area of the trapezoid shown is 200 square feet, what is the height h of the trapezoid?

Answers

Answer:

[tex]\frac{400}{(10\sqrt{2} + 14\sqrt{3}) }= h[/tex]   or  10.42 = h

Step-by-step explanation:

The area of a trapezoid is [tex]A = \frac{1}{2}h(b_{1} + b_{2} )[/tex].

[tex]200 = \frac{1}{2}h(10\sqrt{2} + 14\sqrt{3})[/tex]

[tex]400 = { h(10\sqrt{2} + 14\sqrt{3} )[/tex]             Multiply both sides by 2

[tex]\frac{400}{(10\sqrt{2} + 14\sqrt{3}) }= h[/tex]

 [tex]\frac{400}{38.39} = h[/tex]

10.42 = h  

Find the coordinates of R please

Answers

Answer:

3,-3

Step-by-step explanation:

The coordinates are 3 and -3. x is 3 and y is -3.

Answer:

(3,-3)

Step-by-step explanation:

as the answer is at down of x axis

whats the answer to this numeric algebraic expression

Answers

Answer:

a+b+2

Step-by-step explanation:

Select all of the given points in the coordinate plane that lie on the graph of the linear equation $$.

Answers

70.00 is the correct answer

Can someone please help me

Answers

Answer:

Step-by-step explanation:

1) Statements                         Reasons

ABCD is a trapezoid               Given

AD ║ BC                                  bases of trapezoid are parallel

∠AED = ∠CEB                          vertically opposite angles are equal

∠EBC = ∠ADE          alternate interior angles are equal and BD is transversal                

∠ECB = ∠EAD          alternate interior angles are equal and AC is transversal

ΔAED ~ ΔCEB            ∠ECB = ∠EAD & ∠AED = ∠BEC & ∠EBC = ∠ADE

                                all angles are same and their shape is same, so similar

2) hope you can write 2nd one as above two column proof

T is the mid point of QR

U is the mid point of QS

V is the mid point of RS

Definition: The segment of line joining the middle points of two sides of a triangle is called middle segment.

Inference: A middle segment of a triangle is parallel to the third side and its lengths is half the third side's.

so here TU ║ RV and TU = RV  

UV ║ TR and UV = TR

so TUVR becomes a parallelogram

∠TUV = ∠TRV -------->  condition 1

same goes with parallelogram TQUV

∠TQU = ∠UVT ----------> condition 2

same goes with parallelogram TUSV

∠UTV = ∠USV ------------> condition 3

from the above 3 conditions we can say

ΔQRS ~ ΔVUT

3) see the below figure for graph

in both triangles ∠B is common

AC and TS are parallel lines

BC  and BA are transversals

∠C ∠S are equal --> corresponding angles

∠A ∠T are equal ---> corresponding angles

so ΔABC & ΔTBS are similar

Solve the equation.
−43p+6=12

Answers

Answer:

Step-by-step explanation:

-43p+6=12
Subtract 6 and 12
-43p=6-12
Then divide both sides by -43 to get the variable by itself
-43p=6
Answer
-6/43

What is the value of -[-(-7)]?

Answers

Answer:

-7 is the correct answer

-7 is the correct answer

John's father spent 2 hours and 55 minutes working on his truck if it was 4:55 when he stopped what time did he start​

Answers

He started at 2 o’clock

Answer:

2

Step-by-step explanation:

4-2=2

55-55=0

so:

2:00

pls help me with this:(((((​

Answers

2: c

Step-by-step explanation:

3: a

by Supplementing each answer Into the equation

Step-by-step explanation:

what don't you understand about this ? did you never solve 2 equations with 2 variables ?

it is really easy. there are 2 main approaches :

1. substitution. you use one of the two equations to express one variable by an expression purely in the other variable. then you use that in the other equation (resulting in one equation with one variable) and solve it. with that result you go back to the other equation and calculate the other variable.

2. equation arithmetic. when the terms of at least one of the variables are similar in both equations, you can multiply (if needed) one or both equations (left and right side !) by a fitting number and then add it subtract one equation from the other, so that you are left with one equation in one variable, which you solve. with that result you go back to any of the original equations and calculate the other variable.

there would be a third option for questions like this :

3. trial and error. simply put the point coordinates as x and y into both equations, and see for what point(s) both remain true.

but in order to show you the methodical approaches, we will use substitution for question 2 and equation arithmetic for question 3.

2)

2x + y = 5

-x + 2y = 5

I use the first equation to transform. and I get

y = 5 - 2x

with that I go into the second equation :

-x + 2(5 - 2x) = 5

-x + 10 - 4x = 5

-5x = -5

x = 1

and with that I get

y = 5 - 2×1 = 5 - 2 = 3

so, C (1, 3) is the right answer.

3)

2x + y = 7

-x + y = 1

let's subtract the second equation from the first :

2x + y = 7

- -x + y = 1

------------------

3x + 0 = 6

3x = 6

x = 2

with that I go into one of the original equations :

-2 + y = 1

y = 3

so, A (2, 3) is the right answer.

A recipe for sparkling grape juice calls for 1 1/2 quarts of sparkling water and 3/4 quart of grape juice. How much sparkling water would you need to mix with 9 quarts of grape juice?

Answers

Answer:

The amount of sparkling water that would be needed to mix with 9 quarts of grape juice is 18 quarts.

Ratio expresses the relationship between two or more numbers. It shows the frequency with which one value is contained in another value. According to the question, the ratio of sparkling water to grape juice is .

In order to determine the amount of sparkling water that would be needed with 9 quarts of grape juice, this equation would be used:

( × 9) ÷  

( × 9) ×  = 18 quarts

To learn more about ratios, please check: brainly.com/question/17995727

Step-by-step explanation:

18 quarts of sparkling water would you need to mix with 9 quarts of grape juice.

What is Ratio?

A ratio is an ordered pair of numbers a and b, written a / b where b does not equal 0.

Given that recipe for sparkling grape juice calls for [tex]1\frac{1}{2}[/tex] quarts of sparkling water and 3/4 quart of grape juice

Let us convert  [tex]1\frac{1}{2}[/tex] to improper fraction as 3/2

We need to find the amount of sparkling water would you need to mix with 9 quarts of grape juice

Let x be the sparkling water would you need to mix with 9 quarts of grape juice

Let us form a proportional equation.

3/2/(3/4)=x/9

3/2×4/3=x/9

2=x/9

18=x

Hence, 18 quarts of sparkling water would you need to mix with 9 quarts of grape juice.

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Please help, I would really appreciate it.

Answers

for 2/5(x-4)-10, x=29. For y=mx+b, x= y-b/m

Will the given side lengths from a right triangle?yes or no 4.5,6and 7.5

Answers

Yes it is possible.

- BRAINLIEST answerer

$200 is shared between two friends Mary and John in the ratio 3 : 2 respectively. What is the result?​

Answers

Answer:

John: $80

Mary: $120

Step 1: Add the ratios (3 and 2).

=> 3 + 2 = 5

Step 2: Divide 200 by 5.

=> 200 ÷ 5

= 40

Step 3: Multiply.

=> Mary total: 40 x 3 = $120

=> John total: 40 x 2 = $80

Hoped this helped

Does anyone get this?

Answers

Dilation is the transformation that changes the size of a shape.

4 is a positive number so the shape will increase in size.

So after dilating every side by 4:

0,1

-0.5,0

1,0

We get

0,4

-2,0

4,0

6. What is the percent of increase from 10 to
12?
A. 20%
B. 25%
C. 30%
D. 33
33%

Answers

Answer:

A. 20%

Step-by-step explanation:

% Increase = 12−10/10x100

= 2/10x100

= 20%

Mark me as brilliant

Answer
A. 20%
Explanation: I bet u get it right

(PLEASE HELP!!)

Use the given figure to complete the statement below.

∠1 and ∠2 are what
angles?

-Congruent
-Similar
-Supplementary
-Complementary

Answers

congruent because 2 is a larger number then one and 1 is a smalled number then 2

Calcula lo solicitado para una persona que gana un salario de $980.000 mensuales:
auxilio de transporte: $106.454
18 dias de trabajo: sueldo /30 * los dias que le quiero pagar
auxilio de transporte: aux tras/30* los dias que le quiero pagar
EPS: 4% sueldo
total a pagar:
ayudaaa porfa es para hoy mismo

Answers

Yes baby of course totaln yess

Solve for Z:

4 > 5Z + 34
help me

Answers

Answer:

Isolate the variable by dividing each side by factors that don't contain the variable.

Inequality Form:  

Z  < − 6

Interval Notation:

( − ∞ , − 6 )

Step-by-step explanation:

A line goes through the points (5, -1) and (7, -5). What is a possible equation to a new line that is perpendicular?

Answers

Ok, so you are given an equation in standard form, 5x+4y=2, and a point, (7, 5). You are being asked to write the equation for a line that is parallel to the equation in standard from, and that includes the point (7, 5).  

First, let's start by finding the slope of your new line. We know that it needs to have the same slope as 5x+4y=2, because parallel lines have the same slopes. To do that, we need to put the equation into slope-intercept form (y=mx+b), which means we need to isolate the "y."  

 5x+4y=2

-5x     -5x  (subtract 5x from both sides to move it to the right side of your equation)

4y = 2 - 5x

/4  /4  /4 (divide all the terms by 4 to get "y" by itself)

y = (1/2) - (5/4)x  ... I suggest leaving your slope as a fraction.

Now, we know that our slope, m , is going to be -(5/4).  

Next, we are going to use our slope, -(5/4), and point, (7, 5), to find the b-value (y-intercept) of your new line. Let's plug in what we know:

y = 5

m = -(5/4)

x = 7

y=mx+b

5=(-5/4)(7) + b  -> I plugged in what we knew for y, m, and x.  

5 = -(35/4) + b  -> I multiplied the numbers in the numerator (5 x 7) to get 35/4

20/4 = -(35/4) + b -> I converted 5 into a faction with a denominator of 4 by multiplying by (4/4)

+(35/4) +(35/4)  -> I add (35/4) to both sides to isolate b

55/4 = b ... or b = 13.74

Answer:  

m = -(5/4)

b = 13.75

The equation perpendicular to the line going through the points (5, -1) and (7, -5) is [tex]y=\frac{1}{2} x-\frac{7}{2}[/tex]

The line passes through the points (5, -1) and (7, -5)

That is [tex]x_1=5, y_1=-1, x_2=7, y_2=-5[/tex]

Calculate the slope(m) using the formula below:

[tex]m=\frac{y_2-y_1}{x_2-x_1} \\\\m=\frac{-5-(-1)}{7-5} \\\\m=\frac{-4}{2}\\\\m=-2[/tex]

The equation of the new line perpendicular to the line above will be given as:

[tex]y-y_1=\frac{-1}{m} (x-x_1)\\\\y-(-1)=\frac{-1}{-2} (x-5)\\\\y+1=\frac{1}{2}(x-5)\\\\y=\frac{1}{2} x-\frac{5}{2} -1\\\\y=\frac{1}{2} x-\frac{7}{2}[/tex]

The equation perpendicular to the line going through the points (5, -1) and (7, -5) is [tex]y=\frac{1}{2} x-\frac{7}{2}[/tex]

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Calculate the volume of a similar channel whose radius 1.5m. I need help in checking is A is correct and please send B with working if possible 3 first to answer gets ranked

Answers

Answer:

252.21m

Step-by-step explanation:

Times it by 3 and that should give you the answer you are looking for. Please mark it as brainliest

The lenght of a rectangle exceeds it width by 2cm. If area of the rectangle is 80 cm The lenght of the rectangle is ?​

Answers

Answer:

[tex]x4 - (9x5)[/tex]

yan npo wag puro brainly

Answer:

The answer is l =40cm

solve pls brainliest

Answers

Answer:

1)36

2)1/36

Step-by-step explanation:

Hope it can help you lovelots

Carlos spent 1 1/4 hours doing his math homework. He spent 1/4 of this time practicing his multiplication facts.

How many hours did Carlos spend practicing his multiplication facts?

____ of an hour

A: 1/4 of an hour
B: 3/8 of an hour
C: 1/16 of an hour
D: 5/16 of an hour

Answers

A:1/4 of a hour, it says he spent 1/4 of his time practicing his multiplication facts

X: 3: 9/2 =15/4: 9/2 :Yask for the answer of x and y

Answers

Answer:

"X: 3: 9/2 =15/4: 9/2 :Yask" is difficult for me to understand.

The best I can find is x = 11 1/4 or 11.25

I'll assume:

X: 3: 9/2 means X/3/(9/2) and that is equal to 15/4/(9/2)

Step-by-step explanation:

X/3/(9/2) = 15/4/(9/2)

X/3/(9/2) = 15/4/(9/2)   [Multiply both sides by (1/(9/2)

X/3 = 15/4

4x = 45

x = 11 1/4 or 11.25

PLZ HELP ME!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

i have no idea what this question is asking for but my guest is that you need to reformate the equations

-5x+y=-11 in y+mx+b format is y=5x-11

x-y=7 in y=mx+b formate is y=-x+7

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