Daisy Rose has a credit card that charges a finance charge on the previous balance according to the following schedule. 4% per month on balances up to $100 3 1 2 1 1/2% per month on balances between $100 and $200 3% per month on balances of $200 or over If the previous month's balance was $150, find the finance charge.

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

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A: The dividend paid for a stock is $1.14 per share. The number of shares a shareholder has is 305.

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Q: Suppose that you decide to buy a car for $24,635, including taxes and license fees. You saved $6000…

A: Simple interest formula for an amount P at an interest rate of r% for t years is given by the…

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A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Paul Peters received a statement from the ABC Department Store showing a previous balance of $90. If…

A: Interest = (Rate of interest × Amount× Time)/100 Amount = $90 ROI = 2.5% Time = 1 Month

Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

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Q: Jaml's Home Repair borrows $4,000, at 16.75% interest, for 330 days. Use the exact interest method…

A: Exact simple interest is a simple interest that uses exact number of days in a year which is 365…

Q: Megan held a loan of $2,500 for 8 months and was charged interest of $181.67. What was the annual…

A: The objective of this question is to find the annual simple interest rate on a loan. The simple…

Q: Daisy Rose has a credit card that charges a finance charge on the previous balance according to the…

A: Solution:-  Since the previous balance is between 100$ & 200$ therefore, the finance charge will…

Q: Jeremy has a credit card with an unpaid balance of $1,210. If he is charged an interest rate of…

A: The objective of this question is to calculate the finance charge for the month on Jeremy's credit…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: Kelly purchased her first new car last week for $20 406, taxes included. The loan representative at…

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Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

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Q: Your company provides a 50% matching toward your retirement. If you deposit $200 each month into a…

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Q: You put ​$350 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

A: let   P = $350 the principal invested r = 0.045 or 4.5% annual interest rate   t = 21 years