Jordan’s credit card has an APR of 10.59%, compounded monthly. He is required to make a minimum payment of 3.96% of his current balance every month. At the beginning of March, Jordan had a balance of $628.16 on his credit card. The following table shows his credit card purchases over the next few months. Month Cost ($) March 50.81 March 48.04 April 77.36 April 32.40 April 49.20 May 25.79 May 79.39 May 79.08 If Jordan makes only the minimum monthly payments in March, April, and May, what will his balance be after he makes the minimum payment for May? (Assume that interest is compounded before the monthly payment is made, and that the monthly payment is applied at the end of the month. Round all dollar values to the nearest cent.) a. $1,094.10 b. $988.97 c. $967.60 d. $1,070.23

Answers

Answer 1

Answer:

b. 988.97

Step-by-step explanation:

got a 100 on the test

Answer 2

The balance at the end of May after the minimum payment is made is

$571.64.

What is compound interest?

It is the interest we earned on the interest.

The formula for the amount earned with compound interest after n years is given as:

A = P [tex](1 + r/n)^{nt}[/tex]

P = principal

R = rate

t = time in years

n = number of times compounded in a year.

We have,

P = $628.16

r = 10.59%

n = 12

t = 1/12

The amount after March.

A = 628.16 [tex](1 + 0.1059)^{12\times0.08[/tex]

A = $633.48

Monthly payment.

= 3.96/100 x 633.48

= $25.09

Remaining amount.

= 633.48 - 25.09

= $609.39

The amount after April.

A = 609.39 [tex](1 + 0.1059)^{12\times0.08[/tex]

A = $614.55

Monthly payment.

= 3.96/100 x 614.55

= $24.34

Remaining amount.

= 614.55 - 24.34

= $590.21

The amount after May.

A = 590.21 [tex](1 + 0.1059)^{12\times0.08[/tex]

A = $595.21

Monthly payment.

= 3.96/100 x 595.21

= $23.57

Remaining amount.

= 595.21 - 23.57

= $571.64

Thus,

The balance at the end of May is $571.64.

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Related Questions

Eliana has $2600 to invest for 6 months. If she needs the money to earn $104 in that time, at what rate of simple interest must Eliana invest?

What equation would I use to solve this?​

Answers

Answer:

8%

Step-by-step explanation:

I=Pr

104=2600*r/2

r/2=104/2600

r=(104/2600)(2)

r=0.08=8%

Eliana must invest at a rate of 0.33% of simple interest to earn $104.

Given,

Eliana has $2600 to invest for 6 months.

If she needs the money to earn $104 in that time.

We need to find at what rate of simple interest must Eliana invest.

What is the formula for simple interest?

It is given as:

SI = PRT / 100

P = principal amount

R = rate

T = time in years.

Find the rate of interest.

We have,

Simple interest = PRT / 100

SI = $104

T = 6 months

Convert it into years.

12 months = 1 year

6 months = 6/12 years

T = 1/2 years

$104 = ($2600 x R x 1/2) / 100

104 = (2600 x R x 1/2) / 100

100 x 104 = 2600 x R x 12

R = (100 x 104 ) / (2600 x 12)

R = 104 / 312

R = 0.33 %

Thus the rate of simple interest is 0.33%

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4. Solve x -- 7 = 25.
A 18
B 32

Answers

Answer:

B

Step-by-step explanation:

b okay it b good

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If each group has the greatest possible number of club members,
how many groups of sixth graders and how many groups of seventh
graders will there be? Use numbers and words to explain your answer.

Answers

so anybody know the answer yet cuz i don’t

Evaluate =f(×) r 6x-2 for f (2a-3)​

Answers

The first option 12a - 20

Answer:

[tex] \boxed{\sf f(2a - 3) = 12a - 20} [/tex]

Step-by-step explanation:

Function given:

⇒f(x) = 6x - 2

Substitute 2a - 3 into the function in place of x:

⇒f(2a - 3) = 6(2a - 3) - 2

Expand bracket:

⇒f(2a - 3) = 12a - 18 - 2

Add the like terms:

⇒f(2a - 3) = 12a - 20

A coin was tossed 60 times and the coin landed on Heads 35 times. What proportion of the time did the coin land on Heads?
Type your numeric answer and submit

Answers

Answer:

35:60 times

Step-by-step explanation:

The proportion of time in which the coin land on Heads is 0.58

What is proportion?

A proportion is an equation in which two ratios are set equal to each other.

Now it is given that,

Number of times coins tossed = 60

Number of times coin landed on Heads = 35

Therefore, the proportion of time in which the coin land on Heads is given as,

Proportion of time the coin land on Heads = Number of times coin landed on Heads/Number of times coins tossed

Proportion of time the coin land on Heads = 35/60

Proportion of time the coin land on Heads = 7/12 = 0.58

Thus, the proportion of time in which the coin land on Heads is 0.58

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Drag each expression to the correct location on the table. Not all expressions will be used.
Jennifer is buying a plane ticket to travel abroad. The price of the plane ticket is P dollars, and she has to pay the additional 8% airport
security tax
Match the expressions to their correct meaning for Jennifer.

Answers

Answer:

The price of the ticket before tax - P

The amount of tax Jennifer pays- 0.08P

Jennifer's total amount for the ticket- P + 0.08P

Step-by-step explanation:

The price of the plane ticket is P dollars, before airport security tax. Here P is an independent variable.

An airport security tax of 8% is applied to the price of a plane ticket. So, the amount of airport security tax that Jennifer pays is 8% of the cost of her plane ticket, or 0.08P.

To find Jennifer's total amount for the plane ticket, add the price of the ticket before airport security tax and the amount of airport security tax Jennifer pays. So, the total amount of the plane ticket is P + 0.08P.

The table below shows the expressions matched to their meanings.

An expression is defined as a set of numbers, variables, and mathematical operations. Jennifer's total amount for the ticket is P+0.08P.

What is an Expression?

In mathematics, an expression is defined as a set of numbers, variables, and mathematical operations formed according to rules dependent on the context.

Given that Jennifer is buying a plane ticket to travel abroad. The price of the plane ticket is P dollars, and she has to pay the additional 8% airport security tax. Therefore, we can write the expressions as,

The price of the ticket before tax → P

The amount of tax Jennifer pays → 8% of P = 0.08p

Jennifer's total amount for the ticket → Price of ticket + Tax = P + 0.08P

Hence, Jennifer's total amount for the ticket is P+0.08P.

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Let X1,..., Xn be a simple random sample from a distribution with density function Svorvo-1 O<331 fx (2:0) = otherwise where e > 0 is an unknown parameter.
(a) Find a MOM estimator for 0.
(b) If the observations are 1 1 1 2'3'2 Determine the point estimate with the estimator you find in part (a).

Answers

Answer:

The method of moment (MOM) estimator as:  [tex]\mathbf{\hat {\theta} =(\dfrac{\overline X}{1-\overline X})^2}[/tex]

[tex]\overline X = \dfrac{4}{9}[/tex]

[tex]\mathbf{\hat {\theta} =\dfrac{16}{25} }[/tex]

Step-by-step explanation:

From the question, the correct format for the probability density function is:

[tex]fx(x ; \theta) = \left \{ {{\sqrt{\theta x}^{\sqrt{\theta}-1}}\ \ 0 \leq x \leq 1 \atop {0} \ \ \ \ \ \ \ otherwise } \right.[/tex]

where θ > 0 is an unknown parameter.

(a) The MOM estimator can be calculated as follows:

[tex]E(X) = \int ^1_0x. \sqrt{\theta} \ x^{\sqrt{\theta}-1} \ dx[/tex]

[tex]E(X) = \int ^1_0 \sqrt{\theta} \ x^{\sqrt{\theta}} \ dx[/tex]

[tex]E(X) = \dfrac{\sqrt{\theta} }{\sqrt{\theta} +1 } ( x ^{\sqrt{\theta}+1})^1_0[/tex]

[tex]E(X) = \dfrac{\sqrt{\theta} }{\sqrt{\theta} +1 }[/tex]

suppose E(X) = [tex]\overline X[/tex]

Then;

[tex]\overline X = \dfrac{\sqrt{\theta} }{\sqrt{\theta} +1 }[/tex]

[tex]\dfrac{1}{\overline X} = \dfrac{\sqrt{\theta} +1 }{\sqrt{\theta}}[/tex]

[tex]\dfrac{1}{\overline X} =1 + \dfrac{1}{\sqrt{\theta}}[/tex]

making [tex]\dfrac{1}{\sqrt{\theta}}[/tex] the subject of the formula, we have:

[tex]\dfrac{1}{\sqrt{\theta}} =\dfrac{1}{\overline X} - 1[/tex]

[tex]\dfrac{1}{\sqrt{\theta}} =\dfrac{1-\overline X}{\overline X}[/tex]

[tex]\sqrt{\theta} =\dfrac{\overline X}{1-\overline X}[/tex]

squaring both sides, we have:

The method of moment (MOM) estimator as:  [tex]\mathbf{\hat {\theta} =(\dfrac{\overline X}{1-\overline X})^2}[/tex]

b) If the observations are [tex]\dfrac{1}{2}, \dfrac{1}{3}, \dfrac{1}{2}[/tex]

Then,

[tex]\overline X = \dfrac{\dfrac{1}{2}+ \dfrac{1}{3}+\dfrac{1}{2}}{3}[/tex]

[tex]\overline X = \dfrac{\dfrac{3+2+3}{6}}{3}[/tex]

[tex]\overline X = \dfrac{\dfrac{8}{6}}{3}[/tex]

[tex]\overline X = \dfrac{8}{6} \times \dfrac{1}{3}[/tex]

[tex]\overline X = \dfrac{8}{18}[/tex]

[tex]\overline X = \dfrac{4}{9}[/tex]

Finally, the point estimate of the estimator [tex]\theta[/tex] is

[tex]\mathbf{\hat {\theta} =\begin {pmatrix} \dfrac{\dfrac{4}{9}}{1-\dfrac{4}{9}} \end {pmatrix}^2}[/tex]

[tex]\mathbf{\hat {\theta} =\begin {pmatrix} \dfrac{\dfrac{4}{9}}{\dfrac{5}{9}} \end {pmatrix}^2}[/tex]

[tex]\mathbf{\hat {\theta} =\begin {pmatrix} \dfrac{4}{5} \end {pmatrix}^2}[/tex]

[tex]\mathbf{\hat {\theta} =\dfrac{16}{25} }[/tex]

sound travels 1129 feet per second air. how far can sound travel in 2 seconds when traveling through hair

Answers

Answer:

Sound travels 2258 feet in 2 seconds while travelling through air.

Step-by-step explanation:

Sound travels 2,258 feet per 2 second. or .428 miles
or 27.097 inches
or 752.6667 yards


Order the following rational numbers from greatest to smallest.
- 7
0.40
4.1
-3/4

Answers

4.1
0.40
-3/4
-7
That’s it!

Y varies directly as x. If x=7 then y = 56. Find ybwhen x=3

Answers

When something varies directly as something else, their ratio of change always stays the same.

56 / 7 = 8

Therefore,

8 * 3 = 24

If x = 3 then y = 24


Which expression can be used to solve
3/5•|• 7/10

Answers

Answer: D

Step-by-step explanation: if you write it out it will be the exact same thing as D so it will be d

which of the following pairs consists of equivalent fractions 9/24 and 21/56?

Answers

Answer:

3/8

Step-by-step explanation:

if u simplify you get half then add them the bigger dinominator is the bottom so only add the tops

Alvin's age is three times Elga's age. The sum of their ages is 116. What is Elga's age?
years old

Answers

Answer:

Let Elga's Age be x and Alvin's age be 3x

x + 3x = 116

4x = 116

x = 116/4

x = 29

Therefore , 3x = 3(29) = 87

Elga's Age - 29

Alvin's Age - 87

y < 2x - 5
Which of the following graphs represent the inequality? ​

Answers

Answer: C

Step-by-step explanation:

For this problem, we need to graph y=2x-5. We can eliminate A and D because the graph is not y=2x-5. The main difference between B and C is the shading and line. Since we see the inequality is less than, but NOT equal to, we know that the line will be dashed. The solid line tells us that the graph reaches the line, meaning it is equal to. Therefore, we can eliminate B. C is the correct answer. We also know that the shading would be under the dashed line because it is LESS THAN.

9 = a - 8
Help me please

Answers

It would be 17because 17-8 is 9

Pleaseee. helpppl

Find the most important variable in the problem.

There are 13 fish in an aquarium. Seven of the fish are guppies. How many
non-guppies are in the aquarium?

A. the total number of fish
B. the number of guppies
c. the number of non-guppies

Answers

Answer:

C. the number of non-guppies

Step-by-step explanation:

The number of non-guppies is the only variable the other two options have defined values.

Answer:

C, The number of non- guppies is the most important variable.

Step-by-step explanation:

The answer is the unknown variable that you're trying to find and the entire problem is to help you find the unknown.

Find tan(13pi/4)-cos(pi/3)

Answers

Answer: [tex]tan(\frac{13\pi }{4})-cos(\frac{\pi }{3})=\frac{1}{2}[/tex]

Step-by-step explanation:

To find [tex]tan(\frac{13\pi }{4})-cos(\frac{\pi }{3})[/tex], we first need to understand the unit circle. Let's find the value of tan and cos before we subtract them.

[tex]tan(\frac{13\pi }{4} )[/tex] is the same as [tex]tan(\frac{5\pi }{4} )[/tex]. The point for [tex]\frac{5\pi }{4}[/tex] is (-0.5,-0.5). Tangent is [tex]\frac{sin}{cos}[/tex]. Since sin and cos are both -0.5, we can divide them.

[tex]\frac{-0.5}{-0.5} =1[/tex]

Now, we know that [tex]tan(\frac{13\pi }{4} )=1[/tex]. All we have to do is find [tex]cos(\frac{\pi }{3})[/tex].

[tex]cos(\frac{\pi }{3})=\frac{1}{2}[/tex]

Now that we know the values of both, we can directly subtract them.

1-0.5=0.5

Therefore, [tex]tan(\frac{13\pi }{4})-cos(\frac{\pi }{3})=\frac{1}{2}[/tex].

If there is 22400 rupee expense of 14 men for 8 days then how many expense of 7 men for 13 days? please explain thanks

Answers

Answer:

The expense of 7 men for 13 days is 18,200 Rs.

Step-by-step explanation:

The expense of 14 men for 8 days = 22400

The expense of 14 men per day = 22400/8 = 2800

The expense of 1 man per day = 2800/14 = 200

The expense of 7 men per day = 200*7 = 1400

The expense of 7 men for 13 days = 1400*13 = 18200

Hope that helps :)

I WILL GIVE Brainliest FOR ANSWER

Answers

i’m typing for filling 20 letters

Can anyone help with this question
Which number is not in the solution set of X - 6 > 10?

A) 14
B) 17
C) 20
D) 23

Answers

Answer:

A) 14

Step-by-step explanation:

x - 6 > 10

Add 6 to both sides.

x > 16

The solution is all numbers greater than 16.

In the choices, only 14 is less than 16.

Answer: A) 14

Answer:

a

Step-by-step explanation:

x-6 [tex]>[/tex] 10

14-6 [tex]>[/tex]10

8 is less than 10

MY NOTES
ASK YOU
A table of solutions for a linear equation is given below. From the table, determine the x-intercept and the y-intercept of the graph of the equation
x-intercept
(x, y) =(
y-intercept
(x, y) =
х
y
-6
0
(x, y)
(-6, 0)
(-3, 4)
(0,8)
-3
4
0
8

Answers

Yes x y 1.24 b to the point of a game that is a little hard to get x y to the point

In Exercises 37– 40, BD ⃗ bisects ∠ABC. Find m∠ABD,

m∠CBD, and m∠ABC.

Answers

Answer:

37,  ABD = CBD = 44 degrees, and ABC = 88 degrees

38.  ABD = CBD = 24 degrees, and ABC = 48 degrees

39.  ABD = CBD = 65 degrees, and ABC = 130 degrees

40.  ABD = CBD =67 degrees, and ABC = 134 degrees

Step-by-step explanation:

Recall that when a segment bisects an angle, the angle is divided in equal parts then we have:

37.  

6 x + 14 = 3 x + 29

3 x = 19 - 14 = 15

x = 15/3

x = 5

then ABD = 6 (5) + 14 = 30 + 14 = 44 degrees

CBD must equal ABD , so CBD = 44 degrees

And the total angle ABC = 88 degrees

38.

3 x + 6 = 7 x - 18

24 = 4 x

x = 24/4 = 6

Then ABD = 3 (6) + 6 = 24 degrees. Also CBD = 24 degrees and ABC = 48 degrees

39.

- 4 x + 33 = 2 x + 81

- 6 x = 81 - 33

-6 x = 48

x = - 48/6

x = -8

Then ABD = -4 (-8) + 33 = 32 + 33 = 65 degrees

The also CBD = 65 degrees, and ABC = 130 degrees

40.

8 x + 35 = 11 x + 23

35 - 23 = 11 x - 8 x

12 = 3 x

x = 12/3

x = 4 degrees

Therefore:

ABD = 8 (4) + 35 = 32 + 35 = 67 degrees.

Then also CBD = 67 degrees, and ABC = 134 degrees

5.4 inches of snow fell in 3.6 hours. How much snow fell per hour?

Answers

Answer:

1.5 per hour.

Step-by-step explanation:

By proportion that is 5.4 / 3.6

= 1.5 per hour.

Convert the decimal 0.9988 to a fraction

Answers

Answer:

The decimal 0.9988 to a fraction is 9988/10000

Answer:

9988

_____

10,000

Step-by-step explanation:

I got it correct on test :)))

PLEASE HELP!!! When baking a cake you can choose between a round pan with a 12 in. diameter and a 8 in.×11 in. rectangular pan. ​ a) Determine the area of the base of each pan. ​b) If both pans are 2 in.​ deep, determine the volume of each pan. ​c) Which pan has the larger​ volume?

Answers

A) to work out area of a circular pan you use 3.14 x R^2 so the area would be 3.14x(6)^2, which gives us 113.04in^2. The rectangular pan has area 8x11 which is 88in^2.
B) to work out volume you multiple the areas by the depth. So the circular one is 226.09in^3 and the rectangular one is 176in^3.
C) this means that the circular pan has a larger volume
Hope this helped and sorry if anything is wrong :)

-3(-5)+7y=5(-5)+2y solve for y

Answers

Answer:

-2

Step-by-step explanation:

-15+7y=-25+2y

7y-2y=-25+15

5y= -10

5y/5= -10/5

y= -2

Answer:

y= -17/5 or -3.4

Step-by-step explanation:

-8+7y= -25+2y

5y= -17

y= -17/5 or -3.4

Convert 50 grains to milligrams

Answers

Answer:

3239.95

Step-by-step explanation:

A manager believes a new advertising campaign will increase sales by 40%. If current sales are 3,500 units how many total units does the manager expect to sell after launching the campaign?

Answers

Answer: 5,400 units

Step-by-step explanation:

if you multiply 3,500 units by 40%, you get the quotient 1,900, which is 40% if 3,500. if you add the quotient, 1,900, to the total amount of units already, 3,500, you get the total of 5,400 units

1-3. Find the center point, the radius and the diameter for the following equation: x² + y2 = 16

Answers

Answer:

Center: (0, 0)

Radius: 4

Step-by-step explanation:

Circle Standard Equation: (x - h)² + (y - k)² = r²

(h, k) is center

r is radius

We see that our h and our k are both 0.

∴ Our center is (0, 0), origin.

We see that our r² = 16

√r² = √16

∴ Our radius is equal to 4

William and his puppy Rover are out for a morning jog at a comfortable pace of 10 minutes per mile. If they keep up this pace for 2 hours, how many miles will they jog?

Answers

Answer:

12 miles

Step-by-step explanation:

60 min in 1 hr and 10 min = 1 mile..... so 6, 10 min intervals..... and so 6 time 2 is 12

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