Department store credit card account with annual rate

Assignment Help Mathematics
Reference no: EM13200839

nick has a revolving department store credit card account with an annual percentage rate of 15% last month's balance on the account was $423.78 during the current month he made purchases totaling $123.42 and he made a payment of $100.00 the store uses the unpaid balance method. According to this info what must be the amount of the finance charge? answer needs to be rounded to the nearest cent

Reference no: EM13200839

Questions Cloud

Explain the influence of the imposition of a maximum price : Using demand and supply analysis, explain the influence of the imposition of a maximum price and a minimum price on a product on price and quantity.
State the load a beam with a rectangular cross section : the load a beam with a rectangular cross section can support is jointly proportional to the beam's width and the square of its depth and inversely proportional to its length one beam is half as wide twice as long
Find the temperature of the coffee : The temperature of a cup of Starbucks coffee at time t (in minutes) is T(t)= 70 + c e^(-kt) . Initially, the temperature of the coffee was 200 degrees F.
Calculate the economic cost of the time : Jim previously earned $70,000 per year, but he now pays himself $25,000 per year while he is building the new business. what is the economic cost of the time he contributes to the new business.
Department store credit card account with annual rate : nick has a revolving department store credit card account with an annual percentage rate of 15% last month's balance on the account was $423.78 during the current month he made purchases totaling $123.42
Course of action to raise revenue : A firm is currently producing in the elastic portion of its demand curve. What course of action do you recommend for it assuming it wants to raise revenue.
Explain distribution approximated by a normal curve : A company installs 5,000 light bulbs, each with an average life of 500 hours, standard deviation of 100 hours, and distribution approximated by a normal curve
What is the value of the levered firm : What is the value of the levered firm and what would happen if debt went down by 20%?
To determine how many resources the firm will employ : When you are given the units of resource, total product, and marginal product. what do you need to find to determine how many resources the firm will employ.

Reviews

Write a Review

 

Mathematics Questions & Answers

  Non-empty subsets of group

Let G be a group and H be a non-empty subset of G. We define H^2 as the set of elements of G which can be written in the form h_1 h_2, with h_1 ,h_2∈H.

  What sample size would the economist need

What sample size would the economist need to use if he wants a 95% confidence interval no wider than plus or minus $100?

  How large is the sample space for all ways

How large is the sample space for all ways the three teams can be chosen when the number of employees on each project are as follows.

  Find the exponential function given the growth factor

Find the exponential function N(t) given the growth factor of N is 5.02 and

  What is the probability that a freshman selected at random

What is the probability that a freshman selected at random from this group is enrolled in.

  Simplify the group as a finitely generated abelian group

Simplify the group as a finitely generated abelian group.

  External common tangent length of circles

Circle O and circle P are externally tangent circles. Circle O is tangent to circle P at T, OT = 12, TP = 6. AB is a common external tangent line to both circles. Find AB.

  Determining topological limit of a function

Let X be a subset of R, let E be a subset of X, let x_0 be an adherent point of E, and let f: X-->R, g: X-->R, h: X-->R be functions such that f(x)

  Algebraic series with complex numbers

Given an algebraic series with the following properties:

  Calculate the z or t value of the sample test statistic

Calculate the z or t value of the sample test statistic

  Determine the slope

Describe the object, include details on how you went about performing the calculation, and determine the slope. Be sure to include the unit of measurement (inches, feet, yards, etc.).

  Determine the width of the path

the rectangular swimming pool in the figure shown measures 40 by 60 feet and is surrounded by a path of uniform width around the four edges. The perimeter of the rectangle formed by the pool and surrounding path is 248 feet. determine the width of..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd