You have a total credit card debt of $4800.You receive an offer to transfer this debt to a new card with an introductory APR of 6.5% for the first 3 months. After that, the rate becomes 23%. a) What is the monthly interest payment on $4800 during the first 3 months? (Assume you pay nothing toward principal and don't charge any further amount on the new card) b) What is the monthly interest payment on $4800 after the first 3 months?
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.
You have a total credit card debt of $4800.You receive an offer to transfer this debt to a new card with an introductory APR of 6.5% for the first 3 months. After that, the rate becomes 23%.
a) What is the monthly interest payment on $4800 during the first 3 months? (Assume you pay nothing toward principal and don't charge any further amount on the new card)
b) What is the monthly interest payment on $4800 after the first 3 months?
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