You received your first credit card with a spending limit of $2,000 at 18.9% interest. You decide you need to upgrade your sound system in your car, so you are going to buy this great deal. The next month you receive your credit card statement and you now owe $2,000. You are able to pay the minimum payment of $100 each month. If you continue paying only $100 each month, how long will it take you to pay off your credit card debt?

Answers

Answer 1

Answer:

It will take approximately 25 months

Step-by-step explanation:

The amount owed on the credit card statement, P = $2,000

The interest rate of the credit on the credit card, r = 18.9%

The minimum monthly payment made, M = $100

The equal monthly installment formula is given as follows;

[tex]M = \dfrac{P \cdot \left(\dfrac{r}{12} \right) \cdot \left(1+\dfrac{r}{12} \right)^n }{\left(1+\dfrac{r}{12} \right)^n - 1}[/tex]

Therefore, we get;

[tex]100 = \dfrac{2,000 \cdot \left(\dfrac{0.189}{12} \right) \cdot \left(1+\dfrac{0.189}{12} \right)^n }{\left(1+\dfrac{0.189}{12} \right)^n - 1} = \dfrac{2,000 \times\left(0.01575 \right) \cdot \left(1.01575 \right)^n }{\left(1.01575\right)^n - 1}[/tex]

100×1.01575ⁿ - 100 = 31.50×1.01575ⁿ

100×1.01575ⁿ - 31.50×1.01575ⁿ = 100

68.5×1.01575ⁿ = 100

1.01575ⁿ = 100/68.5

n = ln(100/68.5)/ln(1.01575) ≈ 24.21 (which is approximately 25 months, by rounding up to the nearest whole number)

Therefore, it will take approximately 25 months to pay off the credit card debt


Related Questions

What is the slope of the line whose equation is y-4=5/2(x-2)?

Answers

Answer:

[tex]slope = \frac{ - 1 - 4}{0 - 2} \\ = \frac{ - 5}{ - 2} \\ = { \tt{ \frac{5}{2} }}[/tex]

Ah what is the length of XB? I really need to learn how to solve this

Answers

Answer:

5.28

Step-by-step explanation:

we use the formula

H²=B²+P²

and we will get the answer

branliest if it is helpful

Answer:

Angle BXY

using pythogoras theory which is

hyp*2= opp*2 +adj*2

hypothenus being the longest part of the angle BX=?

Step-by-step explanation:

hyp= 4.2*2+ 3.2*2

hyp*2 =17.64 + 10.24

hyp*2 = 27.88

hyp =√27.88

hyp=5.28...Ans

note *2...square

Can someone please be generous & help I’ve been struggling all night

Answers

Answer:

Slope-intercept

y = 3/4(x) - 7

Point slope

y -5= 3/4(x - 16)

Step-by-step explanation:

In slope-intercept

We have the general slope intercept as;

y = mx + b

where m is the slope and b is the y-intercept

in this case, m = 3/4 and b = -7

So we have;

y = 3/4(x) - 7

In point-slope

we have the general form as;

y-y1 = m(x-x1)

So what we have is as follows;

y -5= 3/4(x - 16)

Where we have (x1,y1) = (16,5)

identify the maximum and minimum values of the function y=10cosx in the interval [-2pie, 2pie]. Use your understanding of transformations, not your graphing calculator.

Answers

Answer:

3 x + 2 y + z/ x + y + z ,  x = 2 ,  y = 3 ,  z = 1

tan ( x ) ,  x = − π

cot ( 3 x ) ,  x = 2 π /3

Step-by-step explanation:

A heel travels 850 miles in 28 gallons of gas. How many miles does it travel in one gallon of gas

Answers

Answer:

850/28=30 miles a gallon

Step-by-step explanation:

mark as brainlist

A point P(3, k) is first transformed by E¹[0, 2] and then by E²[0,3/2] so that the final image is (9, 12), find the value of k.​​

Answers

Hello,

The first transform E1 is the homothetie of center (0,0) and ratio=2

The second transform E2 is the homothetie of center (0,0) and ratio=3/2

P=(3,k)

P'=E1(P)= E1((3,k))=(2*3,2*k)=(6,2k)

P''=E2(P')=E2(6,2k)=(3/2*6,3/2*2*k)=(9,3k)=(9,12)

==> 3k=12

k=4

Find the probability of no failures in five trails of a binomial experiment in which the probability of success is 30%

Answers

The probability of no failures in five trials is 0.2%.

Can someone please help me with this?

Answers

Answer is x=1.5 100% jus took it lol

The volume of a cone is 329.6 cubic inches, and the height is 5.4 inches. Which of the following is the closest to the radius r of the cone, in inches?

Answers

Answer:

329.6=1/3×16.97r

5.66r=329.6/÷5.66

r=58.23

please I need answer right now pleasssseee

Find the lowest common multiple of
A. 12,18,36
B. 9,27,18

please plz plz​

Answers

Answer:

1.)36

2.)54

Step-by-step explanation:

sana po makatulong gehehe

Triangle D E F is reflected across D F to form triangle E G F. The lengths of sides E F and F G are congruent. To prove that ΔDEF ≅ ΔDGF by SAS, what additional information is needed? ∠DEF ≅ ∠ DGF ∠DFE ≅ ∠ DFG DE ≅ DG DG ≅ GF

Answers

Answer:

[tex]\angle DFE = \angle DFG[/tex]

Step-by-step explanation:

Given

See attachment for complete question

Required

What makes DEF and DGF congruent

We have:

[tex]EF = GF[/tex] --- this is indicated by the single line on both sides

Also:

[tex]DF = DF[/tex] --- both triangle share same side

For SAS to be true;

2 sides and 1 angle must be equal in either triangles

So far, we have:

[tex]EF = GF[/tex] ---- S

[tex]DF = DF[/tex] ---- S

The additional to complete the proof is:

[tex]\angle DFE = \angle DFG[/tex] ---- angle between the above sides

Reflection is a type of rigid transformation which requires the turning of an object, shape or figure about a reference point or line. Therefore, the needed additional information is ∠DFE ≅ ∠ DFG. Option B.

Reflection implies turning the given triangle DEF about its side DF, so as to produce an image with the same dimensions but different orientation.

The required proof by Side-Angle-Side (SAS) implies that the relations will be in respect of two of its sides and their included angle.

So that,

GF ≅ FE (given)

DF is the common side to triangles DEF and DFG.

DFG is the included side.

Thus;

∠DFE ≅ ∠ DFG (Side-Angle-Side postulate, SAS)

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Choose the function that has:
Domain: x*-1
Range: y# 2
O
Ax)= x+2
x-1
O
2x+1
Ax)=
x+1
2x+ 1
(x) =
x-1

Answers

Given:

[tex]Domain\neq -1[/tex]

[tex]Range\neq 2[/tex]

To find:

The function for the given domain and range.

Solution:

A function is not defined for some values that makes the denominator equals to 0.

The denominator of functions in option A and C is [tex](x-1)[/tex].

[tex]x-1=0[/tex]

[tex]x=1[/tex]

So, the functions in option A and C are not defined for [tex]x=1[/tex] but defined for [tex]x=-1[/tex]. Therefore, the options A and C are incorrect.

In option B, the denominator is equal to [tex]x+1[/tex].

[tex]x+1=0[/tex]

[tex]x=-1[/tex]

So, the function is not defined for [tex]x=-1[/tex]. Thus, [tex]Domain\neq -1[/tex].

If degree of numerator and denominator are equal then the horizontal asymptote is [tex]y=\dfrac{a}{b}[/tex], where a is the leading coefficient of numerator and b is the leading coefficient of denominator.

In option B, the leading coefficient of numerator is 2 and the leading coefficient of denominator is 1. So, the horizontal asymptote is:

[tex]y=\dfrac{2}{1}[/tex]

[tex]y=2[/tex]

It means, the value of the function cannot be 2 at any point. So, [tex]Range\neq 2[/tex].

Hence, option B is correct.

Jim is designing a seesaw for a children’s park. The seesaw should make an angle of 45 degrees with the ground, and the maximum height to which it should rise is 1 meter, as shown below: What is the maximum length of the seesaw? Choices: A) 1 meter B) 1.4 meters C) 2 meters D) 0.5 meters

Answers

Answer:

B) 1.4

Step-by-step explanation:

The sine of an angle is equal to the ratio of the opposite side to the hypotenuse.

sin(B)=opp/hyp

The maximum length of the seesaw is 1.4 meters

Trigonometric ratio

Trigonometric ratio is used to show the relationship between the sides and angles of a right angled triangle.

Let h represent the length of the seesaw, hence using trigonometric ratio:

sin(45) = 1 / h

h = 1.4 meters

The maximum length of the seesaw is 1.4 meters

Find out more on Trigonometric ratio at: https://brainly.com/question/1201366

can someone give me the answer for this? __ (5 + 4) = 2 * 5 + 2 * 4

Answers

Answer:

The answer is 2

_____________________________

2 x 5 = 10

2 x 4 = 8

10 + 8 = 18

______________________________

5 + 4 = 9

_______________________________

_ 9 = 18

18 : 9 = 2

The perimeter of a square is 80cm
state the length of one of its side

Answers

Answer:

20cm

Step-by-step explanation:

a square has 4 equally long sides.

when we know its perimeter, that means we know the sum of all 4 sides.

since all sides are equality long, we only need to divide the perimeter by 4 to get the length of an individual side.

80/4 = 20cm

Write the following phrase as an expression c less than 27
A C +27
B C -27
C c/27
D 27 - C

Answers

Answer:

(D) 27 - C

Step-by-step explanation:

The "less than" means we are subtracting C from 27, so 27 - C.

Hope it helps (●'◡'●)

A new school has x day students and y boarding students.
The fees for a day student are $600 a term.
The fees for a boarding student are $1200 a term.
The school needs at least $720 000 a term.
Show that this information can be written as x + 2y ≥ 1200.​

Answers

Given:

The fees for a day student are $600 a term.

The fees for a boarding student are $1200 a term.

The school needs at least $720000 a term.

To show:

That the given information can be written as [tex]x + 2y\geq 1200[/tex].​

Solution:

Let x be the number of day students and y be the number of boarding students.

The fees for a day student are [tex]\$600[/tex] a term.

So, the fees for [tex]x[/tex] day students are [tex]\$600x[/tex] a term.

The fees for a boarding student are [tex]\$1200[/tex] a term.

The fees for [tex]y[/tex] boarding student are [tex]\$1200y[/tex] a term.

Total fees for [tex]x[/tex] day students and [tex]y[/tex] boarding student is:

[tex]\text{Total fees}=600x+1200y[/tex]

The school needs at least $720000 a term. It means, total fees must be greater than or equal to $720000.

[tex]600x+1200y\geq 720000[/tex]

[tex]600(x+2y)\geq 720000[/tex]

Divide both sides by 600.

[tex]\dfrac{600(x+2y)}{600}\geq \dfrac{720000}{600}[/tex]

[tex]x+2y\geq 1200[/tex]

Hence proved.

PLEASE HELPP ILL GIVE 20 POINTS

Answers

Answer:

C=20

Step-by-step explanation:

x = 4y + 3, 2x + y = -3
System of Equations

Answers

Answer:

(- 1, - 1 )

Step-by-step explanation:

Given the 2 equations

x = 4y + 3 → (1)

2x + y = - 3 → (2)

Substitute x = 4y + 3 into (2)

2(4y + 3) + y = - 3 ← distribute parenthesis and simplify left side

8y + 6 + y = - 3

9y + 6 = - 3 ( subtract 6 from both sides )

9y = - 9 ( divide both sides by 9 )

y = - 1

Substitute y = - 1 into (1) for corresponding value of x

x = 4(- 1) + 3 = - 4 + 3 = - 1

solution is (- 1, - 1 )

PLEASE HELP DESPERATE

Answers

tan=sin/cos so tan=3/5/4/5=3/4

Answer:

SOH CAH TOA

3/5 opposite over hypotenuse

4/5 adjasent over hypotenuse

tan= opposite over adjasent which is 3/4

Step-by-step explanation:

Divisor mayor común de 28 y 48

Answers

Answer:

mcd(28,48) = 4

Para encontrar el mcd de 28 y 48:

Los factores de 28 son 28, 14, 7, 4, 2, 1.

Los factores de 48 son 48, 24, 16, 12, 8, 6, 4, 3, 2, 1.

Los factores en común de 28 y 48 son 4, 2, 1, los cuales intersectan los dos conjuntos arriba.

En la intersección de los factores de 28 ∩ factores de 48 el elemento mayor es 4.

Por lo tanto, el máximo común divisor de 28 y 48 es 4.

Which equation represents a line that passes through (2,-) and has a slope of 3?
Oy-2 = 3(x + 2)
Oy - 3 = 2(x+)
Oy+ 1 = 3(x - 2)
Oy+ < = 2(x-3)
Help?

Answers

Y+1=3(x-2)

Aslop is 3
And it passes through (2,-1)

The equation of the line is y + 1 = 3(x - 2).

The correct option is (3).

What is an equation?

Equation: A statement that two variable or integer expressions are equal. In essence, equations are questions, and the motivation for the development of mathematics has been the systematic search for the answers to these questions.

As per the given data:

The line passes through the point (2, -1)

slope of the given line is 3

By using the slope intercept form of line:

y = mx + c

where m is the slope

c is the y intercept

The line passes through the point (2, -1) so substituting the point in the equation also m = 3

y = 3x + c

-1 = 3(2) + c

c = -7

The equation of the line now can be written as:

y = 3x - 7

y + 1 = 3x - 7 + 1

y + 1 = 3(x - 2)

Hence, the equation of the line is y + 1 = 3(x - 2).

To learn more about equation, click:

brainly.com/question/10413253

#SPJ5

how to determine proofs

Answers

Answer:

check footprints and then check finger print the finger print pour powder on it and Trace

ratio and proportion

One of the angle of pair of supplementary angle is 120 degree. find the ratio of pair of supplementary angles.​

Answers

Answer:

2 : 1

Step-by-step explanation:

Supplementary angles are two angles whose measures add up to 180°

If one of the angle = 120°

The other angle = sum of supplementary angle - one of the angle

= 180° - 120°

= 60°

The other angle = 60°

ratio of pair of supplementary aangle = 120° : 60°

= 120° / 60°

= 2/1

= 2 : 1

ratio of pair of supplementary aangle = 2 : 1

**who can help me**

Answers

Answer:

.

Step-by-step explanation:

If A =
[tex]if \: a \: = \binom{53}{24} \: and \: b = \binom{32}{10} then \: prove \: that |ab| = |a| . |b| [/tex]
and B = Prove that |AB| = |A| . |B|​

Answers

A=53/24 and B=32/10

|A| = |53/24| = 53/24
|B| = |32/10| = 32/10
AB = 53/24 * 32/10 = 1,696/240


|A| * |B| = |AB|
|53/24| * |32/10| = |1,696/240|
53/24 * 32/10 = 1,696/240
1,696/240 = 1,696/240

What is 1,485÷ 0.09 answer please let me y

Answers

Answer:

16,500

Step-by-step explanation:

Just use a calculator-simple

What do you mean "let me y"?

Answer:

the answer is 16500 or sixteen thousand five hundred

Step-by-step explanation:

:)

the area of the rectangle is 48cm^2
show that x satisfies the equation x^2 + 7x -78 = 0

Answers

Answer:

No its doesn't satisfy the equation.

[tex]{ \bf{area = 2(l + w)}} \\ { \tt{48 = 2((x + 10) + (x - 3))}} \\ { \tt{24 = 2x + 7}} \\ 2x = 17 \\ x = 8.5 \\ \\ { \bf{in : \: {x}^{2} + 7x - 78 = 0 }} \\ x = 6 \: \: and \: \: - 13[/tex]

Find the coordinates of the other endpoint when given midpoint (point M) and one of the endpoints (point P). P=(3,5) and M=(-2,0)

Answers

Answer:

About Points

S = (x,y)        searched point (it will be in the third quadrant )

M = (-2,0)      Midpoint | SP |

P = (3,5)        one end of the segment | SP |

You have to draw Cartesian.

we set in a point M and P. We both points by a simple and we extend it for the third quarter of the system. Compass measure the distance from the point M to the point P. From the point M we set a compass point S. Figure attached. Received point S = ( -7 , -5 ) . It sought a point that calculate .

We use the information that | SM | = | MP |

Answer : S = (-7,-5)

Step-by-step explanation:

[tex]~~~~~~~~~~~~\textit{middle point of 2 points } \\\\ P(\stackrel{x_1}{3}~,~\stackrel{y_1}{5})\qquad \underline{Q}(\stackrel{x_2}{x}~,~\stackrel{y_2}{y}) \qquad \left(\cfrac{ x_2 + x_1}{2}~~~ ,~~~ \cfrac{ y_2 + y_1}{2} \right) \\\\\\ \left( \cfrac{x+3}{2}~~,~~\cfrac{y+3}{2} \right)=\stackrel{M}{(-2,0)}\implies \begin{cases} \cfrac{x+3}{2}=-2\\[1em] x+3=-4\\ \boxed{x = -7}\\[-0.5em] \hrulefill\\ \cfrac{y+3}{2}=0\\[1em] y+3=0\\ \boxed{y=-3} \end{cases}[/tex]

Consider the following proportion:
2 12
— -—
7 x
Use cross products to write the equation: 2x = 84.
What is the value of x?

Answers

2x = 84 so 2x /2 = 84/= x=42

[tex]\displaystyle\bf 2x=84\\\\x=84:2=42\\\\\boxed{x=42}[/tex]

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