Answer:
the answer is about 1.2
Step-by-step explanation:
b 2,739.11
c 3,125.31
d 2,710.11
The solution is Option B.
The balance amount at the second month is $ 2,739.11
What is Annual Percentage Yield?
The annual percentage yield (APY) is the real rate of return earned on an investment, taking into account the effect of compounding interest.
Given data ,
Let the initial amount be represented as A
The value of A = $ 2,675
Now , the annual percentage rate is given by r
The value of r = 15.75 %
So , the rate r in monthly basis is given by
Rate R = annual percentage rate / 12
Substituting the values in the equation , we get
Rate R = 15.75 / 12
Rate R = 1.3125 %
Now , the late fee of the credit card = $ 29.00
So , the amount balance at the end of second month = ( initial amount + Rate R x initial amount + late fee )
Substituting the values in the equation , we get
Amount balance at the end of second month = ( 2675 + ( 1.3125/100 ) x 2675 + 29 )
Amount balance at the end of second month = 2675 + 35.109 + 29
Amount balance at the end of second month = $ 2,739.109
Amount balance at the end of second month = $ 2,739.11
Therefore , the final balance amount is $ 2,739.11
Hence , The balance amount at the second month is $ 2,739.11
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Answer:
b. $2,739.11. You have $2,675.00 on a credit card with a 15.75% APR. You miss your minimum payment and there is a late fee of $29.00. Your balance at the beginning of the second month is $2,739.11.
Step-by-step explanation:
What was its length to the nearest millimetre?
Answer:
91.92%
Step-by-step explanation:
Given that:
Mean (μ) = 6.2, standard deviation (σ) = 1.5
Z score is a measure in statistics to determine the relationship of a measured value with the mean. It is given by the equation:
To calculate the probability that a patient has a blood test result less than or equal to 8.3, we need to calculate the z score of 8.3
For x = 8.3, the z score is:
From the probability distribution table:
P( x ≤ 8.3) = P(z < 1.4) = 0.9192 = 91.92%