Damian has a balance of $10,200 on his credit card. He threw the card away so he can never use it again. He has 3 1/2 years to pay off the balance. The interest rate on his card is 21%.

a. At the end of the 3 1/2 years, how much interest has he paid? ________
b. When Damian pays off his credit card, how much will he have paid in all? _____

Answers

Answer 1

a. At the end of the 3 1/2 years, the amount of interest Damian has paid is $4,288.73.

b) When Damian pays off his credit card, the total amount (principal and interest) he has paid will be $14,488.73.

How is the interest determined?

The interest is computed using an online finance calculator, setting the following parameters, based on the compounding interest system.

The calculator also shows the total payments made for the duration of the credit balance.

N (# of periods) = 42 months (3.5 years x 12)

I/Y (Interest per year) = 21%

PV (Present Value) = $10,200

FV (Future Value) = $0

Results:

PMT = $344.97

Sum of all periodic payments = $14,488.73

Total Interest = $4,288.73

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Related Questions

Dave has $70 saved and earns $20
each month in allowance. Terri has
$110 saved and earns $16 a month
in allowance. If they both save their
entire allowances, how long will it
take before Dave and Terri have saved
the same amount of money?

Answers

Answer:

10 months

Step-by-step explanation:

Please let me know if you want me to write an explanation for my answer :)

Simplify the expression below.
12a−8−5a+12

Answers

Step-by-step explanation:

Given

12a - 8 - 5a + 12

= 7a + 4

Hope it will help :)

Answer:

7a + 4

Step-by-step explanation:

First, let's rewrite this expression to combine like terms:

12a – 8 – 5a + 12  — I bolded the constants and underlined the expressions with variables

12a – 5a – 8 + 12  — it looks a little easier regrouped, doesn't it?

The last two terms are easy, right?

12 – 8 = 4  — simplify with subtraction

We'll focus on the first two terms now. Let's rewrite the terms with variables attached to make the subtraction easier:

a(12 – 5) = a(7) = 7a

We could also think of it this way: multiplication is just repeated addition.

12a = a + a + a + a + a + a + a + a + a + a + a + a (we just add a to itself 12 times)

5a = a + a + a + a + a (we just add a to itself 5 times)

Subtracting this expression would then look like this:

a + a + a + a + a + a + a + a + a + a + a + a – (a + a + a + a + a)

a + a + a + a + a + a + a + a + a + a + a + aaaaaa

Five of the a values will cancel out, and to show this, we can rewrite the expression once more, like this:

aa + aa + aa + aa + aa + a + a + a + a + a + a + a

The five a values cancel out and leave us with this:

a + a + a + a + a + a + a

How many a values are added together now? Seven of them, right? We add a to itself 7 times. We can then rewrite that expression as 7a.

Using the [12 – 8 = 4] expression from above, we add the 4 to the 7a to find our final answer: 7a + 4

I hope this helps increase your understanding of the concept! Have a great day!

3629 you can use the digits twice make the largest four digit number​

Answers

Answer:

9632

or

9966

Step-by-step explanation:

im not 100% sure

A. X = -6 and X = -5.5
B. x = -0.5 and x = -5
C. X = 0 and x = 5
D. X = 5 and x = 6

Answers

Answer:

Step-by-step explanation:

The roots are the x-intercepts, 5 and 6.

I need help on this. Can someone pls help me

Answers

Answer:

2

2

3x

Step-by-step explanation:

1.) we can divide both sides by three to get

(3x+6)/3=x+?

x+2= x+?

from here we can tell that ?=2

2.) Let's start by dividing both sides by negative one

(x-2)/ -1= ?-x

simplify

-x+2= ?-x

Here we get ?= 2

3.)

Let's mulitply both sides by 5 to get

15x-10= 5(?-2)

15x-10 = 5?-10

15x= 5?

3x= ?

the answer here is 3x

Si un ladrillo de adobe pesa 20kg. mas de la mitad de su peso. ¿Cuanto pesara un ladrillo y medio?​

Answers

Answer:

pesaria 2.25 kilos

explicacion

A new animal hospital is planning to purchase a total of 36 cages for dogs, cats, and
rabbits. They want to purchase the same number of cages for dogs as for cats, but only
one-fourth as many cages for rabbits. How many of each cage should they buy?

Answers

For simplicity’s sake:
D = dogs, C = cats, R = rabbits

Since the dogs and the cats are the same number, we can say C = D.

R = 1/4D

2D + 1/4D = 36

Combine like terms and get the same denominator

9/4D = 36

9D = 144

D = 16

Now we know that D is 16, so C must be 16 as well. That leaves us with 32 cages.

36 - 32 = 4 rabbit cages. To double check this, 1/4 of 16 does equal 4.

Final answer: 16 D, 16 C, 4 R

Number of dogs cages = 16

Number of cats cages = 16

Number of rabbits cages = 4

What is an expression?

Expression in math is defined as the collection of the numbers variables and functions by using signs like addition, subtraction, multiplication, and division.

Given that;

For simplicity’s assume;

D = number of dogs cages, C = number of cats cages,

R = number of rabbits cages.

Since, The dogs and the cats cages are the same number,

We can say, C = D.

Only one fourth as many cages for rabbits,

So, we can formulate,

R = 1/4D

Since, A new animal hospital is planning to purchase a total of 36 cages for dogs, cats, and rabbits.

2D + 1/4D = 36

Combine like terms and get the same denominator;

9/4D = 36

9D = 144

D = 16

So,

Number of dogs cages = 16

Number of cats cages = 16

And, Number of rabbits cages = 36 - (16 + 16)

                                                = 36 - 32

                                                = 4

Thus,

Number of dogs cages = 16

Number of cats cages = 16

Number of rabbits cages = 4

Learn more about the mathematical expression visit:

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A + 1.05 = 3.7 plz help

Answers

Answer:

a=2.65

You just bring over the 1.05 to the 3.7, and just go on from there!

Hope this helps!

help asap, i will mark brainliest!

Answers

Answer:

150m

Step-by-step explanation:

[tex]Length=120-(-30)=120+30=150m[/tex]

Evaluate the following: a. 4|−8| b. 2|−3| + 4(7) c. 8|−2| − 6 d. 5|−4| + 2|−6|

Answers

Step-by-step explanation:

a. 4×|-8| = 4×8 =32

b. 2×3+4×7= 6+28 = 34

c. 8×2-6 = 10

d. 5×4+2×6 = 32

You have a data set with a Gas Price variable. It lists the price of a gallon of regular gasoline at a randomly selected 100 gas stations around the country in a particular week. You calculate a 95% confidence interval for the mean of Gas Price, and it turns out to be $2.43 plus or minus $0.16. Which of the following most closely reflects what you can conclude? a. If your sample size had been 400, and you had observed the same sample mean but a sample standard deviation twice as large as in your original sample, the 95% confidence interval would have been approximately $2.43 plus or minus $0.08. b. If your sample size had been 400 and you had obtained the same sample mean and sample standard deviation as in your original sample, the 95% confidence interval would have been approximately $2.43 plus or minus $0.08. c. If you had observed the same sample mean and sample size, but a sample standard deviation twice as large as the one you observed, the 95% confidence interval would have been approximately $2.43 plus or minus $0.24. d. If you had observed the same sample mean and sample size, but a sample standard deviation half as large as the one you observed, the 95% confidence interval would have been approximately $2.43 plus or minus $0.04.

Answers

Answer:

b. If your sample size had been 400 and you had obtained the same sample mean and sample standard deviation as in your original sample, the 95% confidence interval would have been approximately $2.43 plus or minus $0.08.

Step-by-step explanation:

Confidence interval:

A confidence interval is given by the sample mean plus minus the margin of error.

Margin of error:

[tex]M = z\frac{\sigma}{\sqrt{n}}[/tex]

In which M is the margin of error, z is related to the confidence level(the higher the confidence level, the higher the value of Z), [tex]\sigma[/tex] is the standard deviation and n is the size of the sample.

This is important to note that the margin of error is inversely proportional to the square root of the size of the sample.

In this question, we have that:

95% confidence interval for the mean of Gas Price is of $2.43 plus or minus $0.16, with a sample of 100.

Option A:

Sample size of 400, which is four times the original, while the standard deviation is twice the original.

This means that the margin of error would be the same, as it would be multiplied by 2 in the numerator and divided by the square root of 4, that is, 2 in the denominator. So the interval would still be of $2.43 plus or minus $0.16, which means that option a. is wrong.

Option B:

Sample size of 400, which is four times the original, while the rest is the same.

The margin of error would be divided by the square root of 4, that is, 2, which means that it would be half of the original, and the interval would be $2.43 plus or minus $0.08, which means that option b. is correct.

Option C:

In this case, the margin of error will be doubled, since the standard deviation is double the original. So the confidence interval would be of $2.43 plus or minus $0.32, which means that option c. is wrong.

Option D:

In this case, the margin of error will be halved, since the standard deviation is half the original.  So the confidence interval would be of $2.43 plus or minus $0.08, which means that option d. is wrong.

a. Solve for x in the
diagram

Answers

Answer: 15 i think

Step-by-step explanation:

Answer:

as their is no labeling so it's hard to answer

55+55=110

180-110=70

vertical angles

so x=70

A researcher is conducting a study of charitable donations by surveying a simple random sample of households in a certain city. The researcher wants to determine whether there is convincing statistical evidence that more than 50 percent of households in the city gave a charitable donation in the past year. Let p represent the proportion of all households in the city that gave a charitable donation in the past year. Which of the following are appropriate hypotheses for the researcher?

a. H_o : p=0.5 and H_a:p>0.5
b. H_o:p=0.5 and H_a:p≠0.5
c. H_o:p=0.5 and H_a:p<0.5
d. H_o:p>0.5 and H_a:p≠0.5
e. H_o:p>0.5 and H_a:p=0.5

Answers

Answer: a. [tex]H_o : p=0.5[/tex] and [tex]H_a:p>0.5[/tex].

Step-by-step explanation:

Let p represent the proportion of all households in the city that gave a charitable donation in the past year.

Reseracher wants to check whether p > 50% or p > 0.5

Since Alternative hypothesis contains ">, <, ≠" and null hypothesis is the opposite of alternative hypothesis.

So Null hypothesis: [tex]H_o: p=0.5[/tex]

Alternative hypothesis: [tex]H_a:p>0.5[/tex]

The correct option is a. [tex]H_o : p=0.5[/tex] and [tex]H_a:p>0.5[/tex].

Seven times a certain number plus the number is equal to 88. Find the number.

Answers

Answer:

11

Step-by-step explanation:

11 * 7= 77

77 + 11= 88

I need help so please be nice and help me hurry cause I have to turn this in!!

Answers

Answer:

16 easy

Step-by-step explanation:

Troy and Lisa were shopping for school supplies. Troy bought 3 notebooks and 5 thumb drives for $20.25. Lisa bought 8 notebooks and 8 thumb drives for $38. Find the cost of each notebook and the cost of each thumb drive.

Answers

Answer:

Step-by-step explanation:

3n + 5d = 20.25

24n + 40d = 162

8n + 8d = 38

-24n - 24d = -114

24n + 40d = 162

-24n - 24d = -114

—————————

16d = 48

d = 3

A drive costs $3

3n + 5(3) = 20.25

n = 1.76

A notebook costs $1.75

Help
Please ..................

Answers

Plug in -11 for x
8(-11) + 2.
-86

Answer:

-86

Step-by-step explanation:

Substitute -11 for x in the equation:

8(-11)+2

=-88+2

=-86

Are there any supplementary, vertical, or complimentary angles? If so wich ones

Answers

Supplementary: N and M & N and I

Supplementary angles: A pair of angles whose sum is equal to 180°.

Vertical: M and I

Vertical angles: A pair of opposite angles that are made by two intersecting lines.

Complimentary: None

Complimentary angles: A pair of angles whose sum is equal to 90°.

Hope this helps! :D

What is the result when g+ + 2 is subtracted from 32 - 41
?
10
100
3
03
10
1 3
o
10
7 9
10
9
-3-3 +1
10
0 3 2 - 1

Answers

Answer:

6

Step-by-step explanation:

6 is the correct answer because-3-3+1

The flower shop has 40 times as many flowers in the cooler as Kendall has in her bouquet. Kendall has 15 flowers. How many flowers are in the cooler?

Can anyone help me thank you

Answers

Answer:

tu debes de saber las respuestas por qué tú estás como en onceavo


Which of the following is most likely the next step in the series?

Answers

Answer:

I need more info to answer this question.

Step-by-step explanation:

Guys I suck at this stuff so can someone Just PLEASE HELP ME

Answers

Answer:

I only

Step-by-step explanation:

The others have irrational & unsolvable numbers!

Hope that helps!

How to do this problem? Thank you!

Answers

(Bc)/(ab)=tan1
(Ef)/(ec)=tan2
Angle 1= angle 2
Tan1=tan2
(Bc)/(ab)=(ef)/(ec)
...

Five higschool friends all happen to be female born in 2003 assuming that the survival of each ine is independent what is the proablity that at least one lives to be 100 year old

Answers

Answer:

15%

Step-by-step explanation:

The volume Vof a cylindrical can is represented by the formula V=πr2h, where h is the height and r is the radius. A cylindrical can has a volume of 1014π cubic centimeters and a height of 6 centimeters. What is the radius of the can?

Answers

Answer:

Step-by-step explanation:

V = πr²h

1014π = πr²·6

r² = 1014/6 = 169

r = 13 cm

An economist conducts a nationwide survey to study the financial perceptions of US adults. Specifically, he asks a random sample of 1,000 US adults: “Financially, are you doing OK or are you struggling to get by?” The results of the survey show that 829 of the 1,000 participants said they are doing OK.

(a) Construct a 95% confidence interval for the proportion of US adults who would say they are doing OK.

(b) Shortly thereafter, a similar study is conducted in Mexico with the intention of constructing a 95% confidence interval for the proportion of Mexican adults who would say they are doing OK. What is the smallest sample size that can be used to guarantee that the margin of error will be less than or equal to 0.01?

Answers

Answer:

a) (0.806, 0.852)

b)Margin of error ≤ 0.01

1.96*√{0.5*(1–0.5)/n} ≤ 0.01

√n ≥ 98

n ≥ 9604

• Smallest sample size = 9604

Step-by-step explanation:

I found this on Chegg

2x +5y = -7
7x + y = -8
Solve by substitution SHOW WORK!

Answers

Answer:

x = 1, y = -15

Step-by-step explanation:

7x + y = -8 ⇒ y = -7x-8

2x + 5y = -7

substitute -7x-8 for y:

2x + 5(-7x-8) = -7

2x - 35x - 40 = -7

-33x - 40  = -7

-33x = -33

x = 1

y = -7x-8 = -15

Find the slope of the line represented in the table.
x

Answers

Answer:

The slope is -3

Step-by-step explanation:

Use the slope formula to find the slope.

The formula is .... ⏬

23:
-
Determine the x- and y- intercepts for the graph defined by the given equation.
y = 7x + 3
a. X-intercept is (3,0)
CH
x-intercept is 0.-
y-intercept is 0,-
y-intercept is (3,0)
b.
d. x-intercept is (3, 0)
x-intercept is
0
y-intercept is
10
y-intercept is (0,3)
Please select the best answer from the choices provided
А
ОВ

Answers

Answer:

[tex](-\frac{3}{7}, 0)[/tex] -- x intercept

[tex](0,3)[/tex] -- y intercept

Step-by-step explanation:

Given

[tex]y = 7x + 3[/tex]

Required

Determine the x and y intercept

For x intercept.

Set [tex]y = 0[/tex]

So, we have:

[tex]y = 7x + 3[/tex]

[tex]0 = 7x + 3[/tex]

Collect Like Terms

[tex]7x = -3[/tex]

Make x the subject

[tex]x = -\frac{3}{7}[/tex]

Hence, the x intercept is: [tex](-\frac{3}{7}, 0)[/tex]

For the y intercept;

Set [tex]x = 0[/tex]

So, we have:

[tex]y = 7x + 3[/tex]

[tex]y = 7*0 + 3[/tex]

[tex]y = 0 + 3[/tex]

[tex]y = 3[/tex]

Hence, the y intercept is: [tex](0,3)[/tex]

AnswerB

Step-by-step explanation:

best answer gets brainliest​

Answers

k= -3

3y = x+6 can be rewritten as y = 1/3x + 2
a perpendicular slope is the opposite reciprocal of the original slope
so instead of 1/3 it would be -3
therefore. k must equal -3 to be perpendicular to 3y = x+6
Other Questions
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