A credit card has an annual interest rate of 16.99 % , and interest is calculated by the average daily balance method. In a 30 -day billing cycle, purchases of $345 .86 and $246 .71 were made on days 9 and 16 , respectively, and a payment of $ 500.00 was credited to the account on day 15 . If the unpaid balance at the start of the billing cycle was $1,792 .19 , how much interest will be charged at the end of the billing cycle? What will the unpaid balance be at the start of the next billing cycle?
A credit card has an annual interest rate of 16.99 % , and interest is calculated by the average daily balance method. In a 30 -day billing cycle, purchases of $345 .86 and $246 .71 were made on days 9 and 16 , respectively, and a payment of $ 500.00 was credited to the account on day 15 . If the unpaid balance at the start of the billing cycle was $1,792 .19 , how much interest will be charged at the end of the billing cycle? What will the unpaid balance be at the start of the next billing cycle?
Solution Summary: The author calculates the interest charged at the end of the billing cycle and the amount of unpaid balance if the credit card has an annual interest rate of 16.99%
A credit card has an annual interest rate of
16.99
%
, and interest is calculated by the average daily balance method. In a
30
-day billing cycle, purchases of
$345
.86
and
$246
.71
were made on days
9
and
16
, respectively, and a payment of
$
500.00
was credited to the account on day
15
. If the unpaid balance at the start of the billing cycle was
$1,792
.19
, how much interest will be charged at the end of the billing cycle? What will the unpaid balance be at the start of the next billing cycle?
Don't use chatgpt answer will upvote Already got wrong chatgpt answer .
Given the sets G and H, can you prove that (G-H) x (H-G) is a subset of (GxH)-(HxG)
Please solve the following Probability Problem, please show all work and solve what is asked:
HW 1.w. (Special game)The atmosphere has heated up and a fight erupted! There are n + 1players and somebody threw the first punch. Once a person is punched,they punch another person in the group at random. What are the oddsthat after m iterations:a) Nobody punches the person who started it?b) Nobody gets punched twice?Now take it up a notch: imagine the first person punched N other peopleat random, and once someone gets punched, they punch another N peoplein the group at random, and so on. Again, what are the odds that afterm iterations:a) Nobody punches the person who started it?b) Nobody gets punched twice?
Chapter 3 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
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