thorkidestiel thorkidestiel

19-01-2017
Mathematics

contestada

Debbie opens a credit card with an APR of 12.17% compounded monthly. How much is charged in interest this month if her balance is $950?

Can someone help me through this? or at least give me the right formula and I can see if I can get it on my own

Respuesta :

Aliwohaish12 Aliwohaish12

19-01-2017

you'll need to find the effective monthly rate, and then times that by $950 to see how much is charged in interest each month
Effective monthly rate=(1+APR)^1/12)-1

Answer Link

Otras preguntas

Write an expression for the next 3 even numbers that are greater than P

Which best describes Nelson Mandela's role in ending apartheid?

Which was the first part of the economy to be transformed by the Industrial Revolution? A. textiles B. mining C. transportation D. agriculture

Which sentence makes a claim for an argument about why cats make good pets for elderly people? A. Cats can stay indoors all the time and can b

Question 9 of 25The Galapagos Islands are a group of 13 islands off the west coast of South America, in the Pacific Ocean. The islands are famous around the wor

What is the participle in this sentence? The laughing child looks happy, but she was sulking this morning. A. happy B. was sulking C. laughing D. looks

Who was the ruler who united the Mongols and conquered a vast empire? A. Genghis Khan B. Kublai Khan C. Marco Polo D. Ibn Battuta

2 questions??) Please Help: 1. [ I thin it's adverb but i'm not sure :[) is the underlined phrase an adjective phrase or an adverb phrase? Some people can c

How does a mutation affect a gene? A mutation changes the sequence of DNA bases in a gene. A mutation changes the sequence of RNA bases in a gene. A mutation cr

In saying that he wanted “peace without victory,” President Wilson demonstrated that he was a(n)RealistIdealisttough negotiatorCoward