Answer the following questions for each customer. Pablo's credit card statement showed these transactions during March, with interest rate 2.4% : March 1 Previous Balance $2086.46 March 3 Payment $780.38 March 10 Purchases $307.62 March 21 Payment $222.61 March 29 Purchases $118.25 Using the average daily balance method, Pablo's new balance on April 1 would be $1546.50 . Mike's credit card statement showed these transactions during the month of June with interest rate 1.5% : June 1 Previous Balance $162.55 June 5 Purchases $300.43 June 20 Payment $91.46 Using the average daily balance method, Mike's new balance on July 1 would be $377.68 . Tamera's credit card statement showed these transactions for the month of September with interest rate 1.9% : September 1 Previous Balance $63.31 September 13 Purchases $288.54 September 17 Payment $107.10 September 19 Purchases $398.44 Using the average daily balance method, Tamera's new balance on October 1 would be $650.59 . Part: 0 / 2 0 of 2 Parts Complete Part 1 of 2 (a) For the credit cards, find the new balance on the first of the month following the given purchases if the credit card company uses the unpaid balance method, rather than the average daily balance method. Assume that the monthly interest rate remains the same. Round the answers to the nearest cent. For Pablo, the new balance due on April 1 is $ . For Mike, the new balance due on July 1 is $ . For Tamera, the new balance due on October 1 is $ .
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Answer the following questions for each customer.
Pablo's credit card statement showed these transactions during March, with interest rate
| March
1
|
Previous Balance |
$2086.46
|
| March
3
|
Payment |
$780.38
|
| March
10
|
Purchases |
$307.62
|
| March
21
|
Payment |
$222.61
|
| March
29
|
Purchases |
$118.25
|
Using the average daily balance method, Pablo's new balance on April
Mike's credit card statement showed these transactions during the month of June with interest rate
| June
1
|
Previous Balance |
$162.55
|
| June
5
|
Purchases |
$300.43
|
| June
20
|
Payment |
$91.46
|
Using the average daily balance method, Mike's new balance on July
Tamera's credit card statement showed these transactions for the month of September with interest rate
| September
1
|
Previous Balance |
$63.31
|
| September
13
|
Purchases |
$288.54
|
| September
17
|
Payment |
$107.10
|
| September
19
|
Purchases |
$398.44
|
Using the average daily balance method, Tamera's new balance on October
(a) For the credit cards, find the new balance on the first of the month following the given purchases if the credit card company uses the unpaid balance method, rather than the average daily balance method. Assume that the monthly interest rate remains the same. Round the answers to the nearest cent.
|
For Pablo, the new balance due on April
1
$
For Mike, the new balance due on July 1
$
For Tamera, the new balance due on October 1
$
|
|
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