Read the short scenario and answer the question that follows.
Lisa's credit card balance this month is $969.16. Her APR (annual percentage rate) is 15.24 %. The minimum payment due is $20.00.
If she pays only the minimum each month and does not add any more charges, how long will it take her to pay off the entire balance?
Choose the correct answer below.
A.
about 10 years
B.
about 6 years
C.
about 3 years
D.
about 1 year
Answers
Answer:
B
Step-by-step explanation:
Use the amortisation formula:
A = P (r(1+r)^n)/((1+r)^n - 1)
swap in your numbers
p = 969.16
A = 20
n = 0.1524/12
20 = 969.16((0.1524/12) (1+(0.1524/12))^n) / ((1+(0.1524/12))^n - 1)
Then solve for n
n = 72 months
n = 6 years
Related Questions
solve the following stystem -4x + 2y = 0 and x + y = -1
Answers
the odds against your bet are to 3. if you bet $27 and win. how much you win
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A breakfast cereal producer makes its most popular product by combining just raisins and flakes in each box of cereal. The amounts of flakes in the boxes of this cereal are normally distributed with a mean of 370\,\text{g}370g370, start text, g, end text and a standard deviation of 24\,\text{g}24g24, start text, g, end text. The amounts of raisins are also normally distributed with a mean of 170\,\text{g}170g170, start text, g, end text and a standard deviation of 7\,\text{g}7g7, start text, g, end text.
Let T=T=T, equals the total amount of product in a randomly selected box, and assume that the amounts of flakes and raisins are independent of each other.
Find the probability that the total amount of product is less than 575\,\text{g}575g575, start text, g, end text.
You may round your answer to two decimal places.
P(T<575)\approx
Answers
Using the normal distribution, it is found that there is a 0.9192 = 91.92% probability that the total amount of product is less than 575 g.
In a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
It measures how many standard deviations the measure is from the mean. After finding the z-score, we look at the z-score table and find the p-value associated with this z-score, which is the percentile of X.When two normal variables are added, the mean is the sum of the means while the standard deviation is the square root of the sum of the variances.In this problem, the product is composed by flakes and raisins, and we have that:
[tex]\mu_F = 370, \sigma_F = 24, \mu_R = 170, \sigma_R = 7[/tex]
Hence, the distribution for the total amount of product has mean and standard deviation given by:
[tex]\mu = \mu_F + \mu_R = 370 + 170 = 540[/tex]
[tex]\sigma = \sqrt{\sigma_F^2 + \sigma_R^2} = \sqrt{24^2 + 7^2} = 25[/tex]
The probability that the total amount of product is less than 575 g is the p-value of Z when X = 575, hence:
[tex]Z = \frac{X - \mu}{\sigma}[/tex]
[tex]Z = \frac{575 - 540}{25}[/tex]
[tex]Z = 1.4[/tex]
[tex]Z = 1.4[/tex] has a p-value of 0.9192.
0.9192 = 91.92% probability that the total amount of product is less than 575 g.
A similar problem is given at https://brainly.com/question/22934264
Solve the compound inequality.
3x + 1 <4 or 9x > 31
Answers
Answer:
Step-by-step explanation:
3x < 4 - 1 or x > 31/9
3x < 3 or x > 31/9
x < 1 or x > 31/9
in a supermarket, credit card purchases have an additional charge of 8% of the purchase made. If I bought 2 suitcases that cost s / .165.60 each and paid with a credit card, how much do I have to pay?
Answers
9514 1404 393
Answer:
357.70
Step-by-step explanation:
The final cost will be ...
(number of suitcases) × (cost per suitcase) × (1 +8%)
= 2(165.60)(1.08) = 357.70
Number 14 pls help I am stuck
Answers
Answer:
72 hectares
Step-by-step explanation:
The dimensions of the rectangle on the ground will be 20,000 times the dimensions shown in the drawing:
20,000×3 cm = 60,000 cm = 600 m
20,000×6 cm = 120,000 cm = 1200 m
The area of the land is ...
A = LW = (1200 m)(600 m) = 720,000 m²
1 hectare is 10,000 m², so this is ...
720,000 m² × (1 ha)/(10,000 m²) = 72 ha
The area of the plot is 72 hectares.
I will give brainlist to the most helpful answer
Answers
Answer:
1. 4
2. 6
3. 10
4. 30
5. 48
6. 55
7. 68
8. 148
9. 102
10. 38
It takes Shawn 4 more hours to stain a deck than Michelle. Together it takes them 4.8 hours to complete the work. How long would it take Shawn to stain the deck by himself?
Answers
Answer:
4.4 hours
Step-by-step explanation:
It would take Shawn 4.4 hours, as this would give a time of .4 hours to Michelle, totaling 4.8 hours
if a chocolate cake is divided into six equal slices and each slice has 280 calories
Answers
Answer:
Whats the question?
Step-by-step explanation:
Answer:
1,680
Step-by-step explanation
6 slices each 280 calories, 280 x 6 = 1,680
If you paid $160 in interest to a loan company for the use of $10000 of or 30 days, what annual simple interest rate did they charge?
Answers
Answer:A loan company charges $30 interest for a one month loan of $500. Find the annual interest rate they are charging.
Step-by-step explanation:You will earn $160 interest total over the four years. Try it Now 1. A loan company charges $30 interest for a one month loan of $500. Find the annual interest ...
Last year at a certain high school, there were 100 boys on the honor roll and 60 girls on the honor roll. This year, the number of boys on the honor roll decreased by 11% and the number of girls on the honor roll decreased by 10%. By what percentage did the total number of students on the honor roll increase? Round your answer to the nearest tenth (if necessary).
Answers
Answer:
-11 boys -6 girls
Step-by-step explanation:
The chart shows how many people have signed up to go on a field trip each day. 62 students are allowed to go on the field trip. On which day would you expect that number to be reached?A) 8B) 9C) 10D) 11
Answers
Answer:
C
I hope it helps.
Question 2 Fill-In-The-Blank Worth 3 points)
(04.04)
Point R is at (4.1.5) and Point T is at (429) on a coordinate grid. The distance between the two points is_(Input numbers and decimal point only, such as 82)
Answer for Blank 1
Answers
Answer:
1.4
Step-by-step explanation:
in the graph, the points are 14 points apart, when the step of the graph is set to .1, if you count, they're .14 point apart, or 1.4
2x - 5y = 6 and -2x + 7y = 14
*Using elimination*
Answers
2y = 20
y= 10
2x-5(10)=6
2x= 56
x= 28
If here are approximately 15000 red cabs in Hong Kong. This represents approximately 80% of the total taxis. Find the total number of taxis in Hong Kong.
Answers
Answer: 18,750
Step-by-step explanation: First you divide 80 by 100, getting .80. Then you divide 15,000 by .8, getting 18,750 cars.
if u help me ill give u brainliest
Answers
Answer:
150000000
Step-by-step explanation:
30x5000000=150000000
does the graph represent a function?
Answers
Answer:
No
Step-by-step explanation:
fails the vertical line test, a test to see if a vertical line can touch 2 points on a graph at the same time.
8y + 15x + 3y - 12x - 3x
Answers
Answer:
11y is the exact value.
Step-by-step explanation:
geomtry plz help 15 points
Answers
Answer:
it should be 60°. the single marks on each side means they are all equal
Answer:
m∠L=60º
Step-by-step explanation:
The triangle is an equilateral triangle meaning that all angles and sides are equal.
m∠L=60º
Hope this helps :)
which number will reach if we move 6 steps to the right -3
Answers
Answer:
If you meant -3 + 6, then the correct answer is 3.
You should put some extra effort in composing questions with all the required information, like a picture maybe.
Answer:
your answer has to be 3
Step-by-step explanation:
if you were to move to the right in number line you have to add so -3+6 is equals to 3
Match the event with the most appropriate probability word: The roll of a normal fair dice will show a 7.
A. Certainly
B. Likely
C. Evens
D. Unlikely
E. Impossible
F. Other
Answer this, plz.
Answers
Answer:
Option 3
Evens
. . . . . .. . ..
Note: Enter your answer and show all the steps that you use to solve this problem in the space provided.
You buy clothing at a sale. You buy a sweater at
7
10
of its original price of $35. Answer each question and show all your work.
a. How much money did you spend?
b. How much money did you save?
c. What fraction of the total original price did you save?
Answers
The amount that will be spent is $24.50, the amount saved will be $10.50, and the percentage saved will be 30%.
The amount that will be spent will be:
= 7/10 × $35 = $24.50
The amount that will be saved will be:
= $35 - $24.50 = $10.50
The fraction of the original price that is saved will be:
= 10.50/35 × 100
= 30%
Read related link on:
https://brainly.com/question/25763817
What is 75.65 rounded to the nearest whole number?
Answers
A Gardner has 1 1/4 cubic feet of soil available for filling pots. Each pot will need 2/5 cubic foot to be filled. What is the greatest number of pots that the gardener fill
Answers
The greatest number of pots that can be filled is 3.
In order to determine the greatest number of pots that can be filled, the quantity of soil available would be divided by the capacity of each pot.
Number of pots that can be filled = 1 1/4 ÷ 2/5
= 5/4 ÷ 2/5
= 5/4 x 5/2 = 25/8 = 3 1/8
Thus, the greatest number of pots that can be filled is 3.
To learn more, please check: https://brainly.com/question/194007
(a) Write an equation of the line that passes through the point and is parallel to the given line.
(b) Write an equation of the line that passes through the point and is perpendicular to the given line.
Answers
9514 1404 393
Answer:
parallel: y = x -1perpendicular: y = -x -3Step-by-step explanation:
The given line has a rise of 1 for each run of 1, so a slope of 1. If you draw a line with a slope of 1 through the given point, you can see that it intersects the y-axis at y = -1. Then the slope-intercept equation is ...
y = x -1 . . . . . equation of parallel line
__
The perpendicular line will have a slope that is the opposite reciprocal of the slope of the given line: m = -1/1 = -1
A point that is 1 unit right and 1 unit down from the given point is -3 on the y-axis. This is the y-intercept of the perpendicular line. The equation is ...
y = -x -3 . . . . . equation of perpendicular line
9514 1404 393
Answer:
parallel: y = x -1
perpendicular: y = -x -3
Step-by-step explanation:
The given line has a rise of 1 for each run of 1, so a slope of 1. If you draw a line with a slope of 1 through the given point, you can see that it intersects the y-axis at y = -1. Then the slope-intercept equation is ...
y = x -1 . . . . . equation of parallel line
__
The perpendicular line will have a slope that is the opposite reciprocal of the slope of the given line: m = -1/1 = -1
A point that is 1 unit right and 1 unit down from the given point is -3 on the y-axis. This is the y-intercept of the perpendicular line. The equation is ...
y = -x -3 . . . . . equation of perpendicular line
Which graph represents 6x-2y>-11
Answers
Answer:
Answer:
C
Step-by-step explanation:
Remember when using the inequality sign < or > the line will be dotted so we can immediately eliminate answer choices b and d
Now let us solve for y
6x-2y>-11
step 1 subtract each side by 6x
now we have
-2y>-11-6x
step 2 divide each side by -2
-11-/2=11/2
-6/-2=3
IMPORTANT -when you divide inequalities by a negative number you flip the inequality sign
So now we have
See image below for reference
When the inequality is facing x the solutions are going to be on top of the line
hope this helps!
Step-by-step explanation:
2x+5y=(-24),3x+y=(-10) solve for using elimination method
Answers
Answer:
x equals -2 and y equals−4
Jason gets 15 gallons of gas for $3.90 a gallon which gives him 20 miles to the gallon. How many miles can Jason travel on one tank of Jason?
Answers
15 divided by 20 as its in proportion
Answer:
0.75 mi.
Step-by-step explanation:
15/20=3.90/x
Two trains leave towns 474 kilometers apart at the same time and travel toward each other. One train travels13 km/m faster than the other. If they meet in 2 hours, what is the rate of each train?
Answers
Answer:
112 km/h
125 km/hr
Step-by-step explanation:
Distance = time * speed
Distance = distance train 1 + distance train 2
474 = 2(s) + 2(s + 13)
Distribute
474 = 2s + 2s + 26
Combine like terms
474 = 4s + 26
Subtract 26 from both sides
448 = 4s
Divide both sides by 4
112 = s
s = 112 km/h
s + 13 = 125 km/hr
An inventor makes a rectangular array of 1024 LEDs. Each row will
have 16 LEDs. How many rows of LEDs does he need?
Answers
Answer:
64
Step-by-step explanation:
Since the total area of the rectangle (in this case number of leds) is:
Total LEDs = rows * columns
you can just replace the values:
1024 = 16 * x
And then divide 1024 / 16 to find x
x = 64
