Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1/12 of the annual interest rate.
You maintain an average balance of $850 on your credit card, which carries an 18 % annual interest rate.
WHat is the monthly interest payment?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1/12 of the annual interest ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which notation best represents the phrase "at least 24"?
Answers (1)
Determine the seating capacity of an auditorium with 25 rows of seats if there are 20 seats in the first row, 24 in the second row, 28 in the third row, and so on.
Answers (1)
Subtract (2x - 5) from (6x + 1)
Answers (2)
Qual é o valor da expressão 2 elevado a 4 x 1/8 elevado a - 1 - 2 elevado a 11? (A) 2 (B) 512 (C) 1 024 (D) 2 048 (E) 4 096
Answers (1)
Which statement below is true? A. If p → q is true, then q → p is true. B. If p → q is true and p is true, then q is true. C. If p → q and q → r are true, then q → p is true. D. If p → q and q → r are true, then r → p is true.
Answers (1)
New Questions in Mathematics
Last years average ticket price was £22 this year the average ticket price has increased by 5% what is the average price now
Answers (1)
One of the altitudes of the parallelogram shown is 1223 units. What is the length of the other altitude? 5 units 6 units 30 units V40 units
Answers (2)
Stacey's fruit salad recipe uses proportional amounts of different fruits. There are 2 cups of grapes for every 5 cups of pineapple. There are 4 cups of pineapple for every 5 cups of apples.
Answers (2)
Passes through (-4, - 5), slope = 3/4
Answers (1)
True or false a reflection across the line y=-x
Answers (2)