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Question: Nancy Tai has recently opened a revolving charge account with MasterCard. Her credit limit is $1,000, but she has not charged that much since opening the account. Nancy hasn't had the time to review her monthly statements promptly as she should, but over the upcoming weekend she plans to catch up on her work. She has been putting it off because she can't tell how much interest she paid or the unpaid balance in November. She spilled watercolor paint on that portion of the statement. In reviewing November's statement she notices that her beginning balance was $600 and that she made a $200 payment on November 10. She also charged purchases of $80 on November 5, $100 on November 15, and $50 on November 30. She paid $5.27 in interest the month before. She does remember, though, seeing the letters APR and the number 16%. Also, the back of her statement indicates that interest was charged using the average daily balance method, including current purchases, which considers the day of a charge or credit.
1. Find the unpaid balance on November 30 before the interest is charged.
2. Assuming a 30-day period in November find the average daily balance.
3. Calculate the interest for November.
4. What was the unpaid balance for November after interest is charged?
Probability, Combinations and Permutations : Sampling Without Replacement, A basket contains 4 black, 2 red, and 5 green marbles. A sample of three marbles is drawn
Let p represent the proportion of all actors who are extroverts. Find a point estimate for p. (Round your answer to four decimal places.) Find a 95% confidence interval for p. (Round your answers to two decimal places.)
The cost of one lunch ticket is $2.25. What is the equation the student could use to calculate the amount of money, m, left after d days, assuming the student uses one lunch ticket each day?
the formula for the area of a triangle is A=1/2bh, where b represents the base length, and h represents the height. The perimeter of the triangle is 28 inches. Write an equation for the area A of the triangle in terms of its base length b.
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Try to prove any conjectures available to you. Notice that because the only information you started with was a pizza and a cutting instrument.
A company's projected worth (in millions of dollars) is modeled by the equation y=231(1.04)^x. The variable x represents the number of years since 1997. What is the projected annual percent of growth, and what should the company be worth in 2007?
Find new estimates using ten rectangles in each case.
What is an inflection point of the graph of a function f
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Three ice-cream packing machines at the Creamy Treat Company are being evaluated for their capability.
How many passwords can be constructed that have between 6 and 12 characters, and where the characters must be alphanumeric but not case-sensitive?
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