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

  Does he need to sell to meet his goal

jason is a sales person at the electronics department of a store. He is 48% short of his goal for the week. His goal is to earn $375. for each cd player he sells he earns $45. how many cd players does he need to sell to meet his goal?

  Matrix multiplication and its interpretation

A flu epidemic hits a large city. Each resident of the city is either sick, well, or a carrier. The proportion of people in each of these categories by age is given by the matrix:

  Find the scale used to create the model

Find the scale used to create the model. The scale modcel of a 45-inch tall bookcase is 2.5 inches tall.

  A grab bag contains -probability

Probability. A grab bag contains 10 $1 prizes, 7 $5 prizes, and 5 $20 prizes. Three prizes are chosen at random. Find the following probabilities.

  What is the expected lead-time for delivery

Assuming the company uses a safety stock of 20 units resulting in a reorder point of 60 units, what is the expected lead-time for delivery?

  Find the density of given expression using theorem

Finding the density of y and then finding the expectation and (b) using theorem A

  Find the radius and height of the cylinder

A hemisphere of radius 7 sits on a horizontal plane. A cylinder stands with its axis vertical, the center of its base at the center of the sphere, and its top circular rim touching the hemisphere. Find the radius and height of the cylinder of maxi..

  What is the average downtime for a machine

What is the probability that more than one machine is in the system? Probability that more than two are broken and waiting to be repaired or serviced? More than four?

  Tangent plane to the central conicoid

Find the equation of the tangent plane to the central conicoid x2 - 4y2 + 3z2 + 2 = 0 at the point (1,2,0). Find whether the plane 2x + 3y + 2z =3 touches the central conicoid 2x2 + 3y2 + z2 = 1 or not.

  Evaluate the coordinate of centroid

Evaluate the coordinate of centroid using multiple integral method - Find the z- coordinate of the centroid of T

  Determining geometric progression

A geometric progression has first term log_2 27 and common ratio log_2 y, find the set of values of y for which the geometric progression has a sum to infinity.

  Evaluation of probability of randomly selected customer

Evaluation of probability of randomly selected customer- Normal Distribution

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