Tom just received a credit card with an introductory APR of 0% for nine months and a credit limit of $500. The APR for purchases after the introductory period is 19.9%. The penalty APR is 24.9% and the APR for cash advances is 20.4%. Tom uses his card at the mall and spends $360. If Tom wants to have a balance of $0 before his introductory period expires, what monthly payments should he make?
Answers
Answer:
The monthly payment Tom must make is $40
Step-by-step explanation:
The steps taken in solving the problem is shown below
Tom received a credit card with an APR =0%
The credit limit is = $500
The APT for purchases after the introductory period is = 19.9%
The APR penalty is = 24.9%
APR cash advances = 20.4%
Tom spends $360 with his card at the mall, for which He wants his balance to be zero before his introductory period elapses.
For a 9 months period, Tom must divide his spending's /expenses
Therefore
$360 ÷ 9 months gives = $40
0% - APR for nine months
$500 - credit limit
19.9% - APR after nine months
24.9% - APR penalty
20.4% - APR for cash advance
Tom spends $360. He wants to have a zero balance before his introductory period expires.
Tom must divide his spending by 9 months.
$360 ÷ 9 mos = $40
Tom should make a monthly payment of $40 for nine months to achieve a balance of zero before the introductory period expires.
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Let the distance be x miles
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Time taken by him to return = x / 45 hours
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Answers
The area of a regular hexagon with an apothem 10.4 yards long and a side 12 yards longis 374.4 yard^2.
What is a regular hexagon?
A regular hexagon is defined as a closed shape consisting of six equal sides and six equal angles. The sum of the measure of angles of a regular hexagon is 120 degrees.
The area of a regular hexagon =
It is given that apothem is 10.4 yards and side is 12 yards long.
The area of a regular hexagon =
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Learn more about regular hexagons;
So the area, A, of the regular hexagon is 6 x the area of one triangle
The area of a triangle is half the base times the height
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Show work
Answers
20-12x=x-8x
+12x+12x
20=13x-8x
20=5x
4=x
1st. Distribute 2 to 10 and -6x
20-12x=x-8x
2nd. Move -12x to the other side.
20=13x-8x
Simple math.
20=5x
x=4
Please show workings.
Answers
Answer:
#4
2.50 out of 15 is:
- 2.50/15*100% = 16.67%
#5
- Salary = 9600
- Increase = 1680
Percent increase:
- 1680/9600*100% = 17.5%
Answers
Answer:
54 degrees.
Step-by-step explanation:
By the external angle of a triangle theorm:
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14x - 1 = 111
14x = 112
x = 112/14
= 8.
So, m < S = 7(8) - 2
= 54 degrees.
Answers
Answer:
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