You received your first credit card with a spending limit of $2,000 at 18.9% interest. You decide you need to upgrade your sound system in your car, so you are going to buy this great deal. The next month you receive your credit card statement and you now owe $2,000. You are able to pay the minimum payment of $100 each month. If you continue paying only $100 each month, how long will it take you to pay off your credit card debt?

Answers

Answer 1

Answer:

It will take approximately 25 months

Step-by-step explanation:

The amount owed on the credit card statement, P = $2,000

The interest rate of the credit on the credit card, r = 18.9%

The minimum monthly payment made, M = $100

The equal monthly installment formula is given as follows;

[tex]M = \dfrac{P \cdot \left(\dfrac{r}{12} \right) \cdot \left(1+\dfrac{r}{12} \right)^n }{\left(1+\dfrac{r}{12} \right)^n - 1}[/tex]

Therefore, we get;

[tex]100 = \dfrac{2,000 \cdot \left(\dfrac{0.189}{12} \right) \cdot \left(1+\dfrac{0.189}{12} \right)^n }{\left(1+\dfrac{0.189}{12} \right)^n - 1} = \dfrac{2,000 \times\left(0.01575 \right) \cdot \left(1.01575 \right)^n }{\left(1.01575\right)^n - 1}[/tex]

100×1.01575ⁿ - 100 = 31.50×1.01575ⁿ

100×1.01575ⁿ - 31.50×1.01575ⁿ = 100

68.5×1.01575ⁿ = 100

1.01575ⁿ = 100/68.5

n = ln(100/68.5)/ln(1.01575) ≈ 24.21 (which is approximately 25 months, by rounding up to the nearest whole number)

Therefore, it will take approximately 25 months to pay off the credit card debt


Related Questions

4) There are 4 marbles and 3 cubes in a board game. The marbles are black, blue, yellow, and red. The cubes are numbered 1, 2, and 3. A player randomly selects one marble and one cube. What are all the outcomes? How large is the sample space? possible​

Answers

Answer:

Here is the sample space, its size is 4*3 = 12:

Black 1Black 2Black 3Blue 1Blue 2Blue 3Yellow 1Yellow 2Yellow 3Red 1Red 2Red 3

Answer:

According to your question :-

four marbles 3 cubes

four marbles :-

black blueyellow red

cubes numbered as :-

123

_______________________

outcomes :-

At black ..

Black 1Black 2Black 3

At blue ..

Blue 1Blue 2Blue 3

At yellow ..

Yellow 1Yellow 2Yellow 3

At red ..

Red 1Red 2 Red 3

________________________

Size ...

4 X 3 = 12 size,,

hopes its helps you.

5x(2x-y) -3y(2+3x) expand and simplify​

Answers

Answer:

10x² - 14xy -6y

Step-by-step explanation:

5x(2x-y)-3y(2+3x)

10x²-5xy-6y-9xy

10x² - 14xy - 6y

What is 2:50 is simplest form

Answers

Answer:

0.04

Step-by-step explanation:

2 / 50 is the same as 1 / 25.

1 / 25 = 0.04

Answer:

0.04

Step-by-step explanation:

What is the range of the function graphed below?

Answers

Answer:

(- infinity, +2]

Step-by-step explanation:

the range is the interval of numbers for possible y (result) values of a function.

so, what y values are possible here ?

clearly it goes from the very bottom, negative infinity, up to 2.

I see no way for other y values (> 2).

and usually we write such an interval with an open end bracket "(" or ")" on the side of infinity, because infinity is not a value and can never be reached. and the included end bracket "[" or "]" is used on an end, where we have a specific (and really included) value.

Ayuda por favor help me please

Answers

Answer

English translation needed

simplify each radical expression pleaseeee help i haven’t done algebra in 2 years

Answers

Answer:

4. 12√3

5. -35√2

6. 5√2/2

Step-by-step explanation:

4. 3√12+2√27

= 3√(4×3) + 2√(9×3)

= 6√3+6√3

= 12√3

5. 5√8-9√50

= 5×2√2-9×5√2

= 10√2-45√2

= -35√2

6. 5/√2

= 5×√2/(√2×√2)

= 5√2/2

Answered by GAUTHMATH

Which function shows a fabric with a price of $1.25 per square yard?

A table showing Price of Fleece with five columns and two rows. The first row, Square Yards, has the entries, 1, 2, 3, 4. The second row, Price, has the entries, $1.25, $2.00, $2.75, $3.50.
A table showing Price of Fleece with five columns and two rows. The first row, Square Yards, has the entries, 1, 2, 3, 4. The second row, Price, has the entries, $0.25, $1.25, $2.25, $3.25.
A coordinate plane showing Price of Fleece. The x-axis shows Number of Square Yards and the y-axis shows Price in dollars. A line starts at (0, 0) and passes through (5, 4) and ends (10, 8).
A coordinate plane showing Price of Fleece. The x-axis shows Number of Square Yards and the y-axis shows Price in dollars. A line starts at (0, 0) and passes through (4, 5) and ends (8, 10).

Answers

Answer:

D

Step-by-step explanation:

Took the test

Brainliest pls

Answer:

D

Step-by-step explanation:

E 2020

Which of the following options correctly represents the complete factored
form of the polynomial F(x) = x^4 +5x2 +4

Answers

Answer:

(x-5)(x+2)(x+4)

Step-by-step explanation:

I just did It

Determine the rule of a quadratic function in factored
form given the following information:
.
the zeros are (-2,0) and (4,0)
it passes through the point (5,14)
.

Answers

Answer:

[tex]y=2(x+2)(x-4)[/tex]

Step-by-step explanation:

Hi there!

Factored form: [tex]y=a(x-r)(x-s)[/tex] where r and s are two zeros

Given that the zeros are (-2,0) and (4,0), we know that -2 and 4 are r and s in the above equation. Plug these in:

[tex]y=a(x-(-2))(x-(4))\\y=a(x+2)(x-4)[/tex]

Now, to solve for a, plug in the given point (5,14) as (x,y):

[tex]14=a(5+2)(5-4)\\14=a(7)(1)\\14=7a\\a=2[/tex]

Therefore, a=2. Plug this back into the original equation:

[tex]y=2(x+2)(x-4)[/tex]

I hope this helps!

Z= a/m, for a
It a literal equation

Answers

Answer:

a = zm

Step-by-step explanation:

z = a/m for a

Multiply all sides by m

zm = a or a = zm

Example:

2 = 6/3

in this case, z = 2, a = 6, and m = 3

We would multiply z(2) and m(3) to get a(6)

If my answer is incorrect, pls correct me!

If you like my answer and explanation, mark me as brainliest!

-Chetan K

The answer is zm I think


2. If (x+1,Y+2)=(3,4), find the value of x and y

Answers

Answer:

x = 2

y = 2

Step-by-step explanation:

since it is an equal pair,

x+1 = 3

or, x = 3 - 1

x = 2

y + 2 = 4

or, y = 4 - 2

y = 2

(2x+1)(x-1)=0
2x-10=5+3x​

Answers

Step-by-step explanation:

2x-3x=5+10

-x=15

X=-15

2x+1=0.... 1

X-1=0

X=1......2

Substitute the value of x in equation 1

2*1+1=0

2=1

So the value of x is 1 and 2

Answer:

x=-1/2

x=1

x=-15

Step-by-step explanation:

plz plz plz help me solving this question ​

Answers

Perimeter: 19 cm ( I added 5.5+7.5+6)

The length of each side of the square: 8 cm

We know that the area is 64 cm2

A=a*a (length times length) We get 8 (because we know the times tables)

Volume: 100

Answer:

3.950121805833336 ≈ 4 m

Step-by-step explanation:

The area of a circle is calculated using this formula: A= πr². Since we know the area of the circle is 154 we have all the values we need to solve this problem.

154 = πr²

√154 = πr

12.40967... = πr

12.40967.../π = r

3.950121805833336 = r

3.950121805833336 ≈ 4 meters

Goalie is determined using the formula A = 60 a equals 60 left-parenthesis StartFraction g Over t EndFraction right-parenthesis.. In

Answers

Answer:

g = At/60

Step-by-step explanation:

A = 60(g/t)

To solve for 'g'

Open the bracket

A = 60g/t

Multiply both sides by t

At = 60g

Divide both sides by 60

At/60 = 60g/60

At/60 = g

(08.02 MC)
A pair of equations is shown below
y = 2x - 1
y = 4x - 5
Part A: In your own words, explain how you can solve the pair of equations graphically. Write the slope and y-intercept for each equation that you will plot on the graph to solve the
equations.
Part B: What is the solution to the pair of equations?

Answers

Step-by-step explanation:

526 133 3821

P: 12345

j _o _I _n g _I _r l

o. n z-oo-o-m

Will Mark Brainlest Help please!!!​

Answers

Answer:

My fellow Americans

I'm from India and I'm hre to take q look at America's Brainly :)

Answer:

I could only solve up to this this topic we will read tomorrow .I might send you tomorrow. I don't know that if the solved parts rule is right or not .If it is wrong forgive me.

Question 13 (5 points)
m_1 = (4x + 9)º and m_2 = (x - 14)° in the given figure. Find x.

Answers

Answer:

x=19°

Step-by-step explanation:

Line n and l form a right angle. We know that because line m and l are parallel to each other and line n crosses through them as a vertical line.

Right angles always add up to 90°.

So, Angle 1 add Angle 2 equals 90°.

4x+9+x-14=90°

Collect the like terms:

Like terms are terms with the same variables and powers.

4x+x=5x

9-14= -5

Form an equation:

5x-5=90°

Do inverse operations to isolate x.

90+5=95°

95÷5=19° (We divide by 5 because, in algebra, when a number is next to a letter, it means times, so we have to do the opposite and divide).

So, x=19°

Hope this helps :)

CAN SOME HELP PLS I NEED HELP PASSING PYTHAGOREAN THEOREM

Answers

Answer:

Step-by-step explanation:

[tex]a^2+b^2=c^2\\8^2+15^2=c^2\\64+225=c^2\\289=c^2\\c=17\\\\17+15+8 = 40 meters[/tex]

can the area of a square be expressed as a prime number if its side length is expressed as a natural number?

Answers

not possible because the area of a square is always a square of it's length and a square cannot be a prime number

Answer:

No

Step-by-step explanation:

Because the area of a square is always a square of its length and a square can't be prime.

Plzzzzzzzzz help 10 points and will mark brainiest

Answers

Answer:

Hello,

[tex]Answer:\ 2.8 < x < 5.4[/tex]

Step-by-step explanation:

The simpliest is to use the triangular inequality:

in a triangle, a side must be inferior to the sum of the 2 others sides.

[tex]\left\{\begin{array}{ccc}4.1& < &x+1.3\\1.3&< &4.1+x\\x & < & 4.1+1.3\\\end{array}\right.\\\\\\\left\{\begin{array}{ccc}2.8& < &x\\1.3-4.1&< &x\ not\ used\\x & < & 5.4\\\end{array}\right.\\\\\\Finaly:\ 2.8 < x < 5.4[/tex]

Answer:

2.8 < x < 5.4

Step-by-step explanation:

Given 2 sides of a triangle then the third side is in the range

difference of 2 sides < x < sum of 2 sides , that is

4.1 - 1.3 < x < 4.1 + 1.3 , then

2.8 < x < 5.4

In the diagram below, PQ is parallel to MN. Solve for 2. Round your answer to the
nearest tenth if necessary.

X=

Answers

So if pq is parallel to mn that and we need to find x and the hole thing is 10.9 tall then the answer would be 5.9

The volume of a box(v) varies directly with its length(l). If a box in the group has a length of 35 inches and k=15, what is its volume?

Answers

Answer:

525 in³

Step-by-step explanation:

Use the direct variation equation, y = kx.

Substitute y with v (volume) and substitute x with l (length) to represent this situation:

y = kx

v = kl

Plug in 35 as l and 15 as k, then solve for v (the volume):

v = kl

v = 15(35)

v = 525

So, the volume of the box is 525 in³

Write a function rule for the table. (Help please)
is it a,b,c or d

Answers

c. f(x)=x+1 because everytime there is 1 added to the original value

I HATE GEOMETRY I NEED HELP​

Answers

Answer:

actually where is point D

Given the center and radius, find equation of the circle​

Answers

Answer:

[tex]{ \sf{ {(x - 2)}^{2} + {(y + 8)}^{2} = 4}}[/tex]

Answer:

Center is (2, -8) and radius =2

h = 2 and k = -8

Filling in this equation:

(x -h)² + (y -k)² = radius²  we get:

(x - 2)^2 + (y--8)^2 = 2^2 which equals

(x-2)^2 + (y +8)^2 = 4

Source: http://www.1728.org/circleqn.htm

Step-by-step explanation:

A contractor construct to build a house in 30 days. He employed 10 men to build the house. After 20 days. They completed only 1 /3 of the total work. How many more men will be required to finish the remaining work within due time?

Answers

Answer:

30

Step-by-step explanation:

First, we can say that because the men do 1/3 of the work in 20 days,

for 10 men:

20 days = 1/3 total work

Because we need the house built in 30 days, and 20 days have already passed, we only have 30-20=10 days left. Furthermore, 20/2=10, so in our equation of 20 days = 1/3 total work, we can divide both sides by 2 to get

10 days = 1/6 total work

The amount of work we need to get done in 10 days is (all of it) - (1/3 of total work) = 1 - 1/3 = 2/3 = 4/6

Since 10 men can do 1/6 of the work in 10 days, 10*4 =40 men can do 1/6 * 4 = 4/6 of the work in 10 days. This is the amount of work that needs to get done. Therefore, the contractor needs 40 (total workers) - 10 (current workers) = 30 new workers to finish the remaining work in due time

Identify the sequence that lists the sides of △MNO in order from shortest to longest.

Answers

Answer:

MO, NO, MN

Step-by-step explanation:

First, we can identify this triangle as a right triangle, as given by the square next to the O. Next, we know that a right angle is equal to 90 degrees, and the sum of the angles of a triangle is equal to 180 degrees.

Therefore,

∠M + ∠O + ∠N (the angles of the triangle) = 180

49 + 90 + ∠N = 180

139 + ∠N = 180

subtract both sides by 139 to isolate the variable

∠N = 41

Therefore, ∠N is 41 degrees.

In a triangle, given the angles, we know that the side opposite the smallest angle is the side with the smallest length and so on.

Our angle lengths are

41, 49, and 90 degrees in order.

Therefore, the side opposite the largest angle (90 degrees, or ∠O) is the longest side. This is MN. Similarly, ∠N is the smallest angle, and the side opposite of that (MO) is the shortest side. This leaves NO to be in the middle

At a Noodle & Company restaurant, the probability that a customer will order a nonalcoholic beverage is . 43. Find the probability that in a sample of 7 customers, fewer that 5 will order a nonalcoholic beverage.

Answers

Answer:

0.8716 = 87.16% probability that in a sample of 7 customers, fewer that 5 will order a nonalcoholic beverage.

Step-by-step explanation:

For each customer, there are only two possible outcomes. Either they order a nonalcoholic beverage, or they order an alcoholic beverage. The probability of a customer ordering a nonalcoholic beverage is independent of any other customer, which means that the binomial probability distribution is used to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

In which [tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

And p is the probability of X happening.

At a Noodle & Company restaurant, the probability that a customer will order a nonalcoholic beverage is 0.43.

This means that [tex]p = 0.43[/tex]

Find the probability that in a sample of 7 customers, fewer that 5 will order a nonalcoholic beverage.

This is:

[tex]P(X < 5) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4)[/tex]

In which

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 0) = C_{7,0}.(0.43)^{0}.(0.57)^{7} = 0.0195[/tex]

[tex]P(X = 1) = C_{7,1}.(0.43)^{1}.(0.57)^{6} = 0.1032[/tex]

[tex]P(X = 2) = C_{7,2}.(0.43)^{2}.(0.57)^{5} = 0.2336[/tex]

[tex]P(X = 3) = C_{7,3}.(0.43)^{3}.(0.57)^{4} = 0.2937[/tex]

[tex]P(X = 4) = C_{7,4}.(0.43)^{4}.(0.57)^{3} = 0.2216[/tex]

Then

[tex]P(X < 5) = P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) = 0.0195 + 0.1032 + 0.2336 + 0.2937 + 0.2216 = 0.8716[/tex]

0.8716 = 87.16% probability that in a sample of 7 customers, fewer that 5 will order a nonalcoholic beverage.

6. Márcia cortou quatro tiras retangulares de mesma largura, cada qual de um dos lados de uma folha de papel que media 30 cm por 40 cm. O pedaço de papel que sobrou tem 68% da área da folha original. Qual é a largura das tiras? A) 5 cm B) 4 cm C) 3 cm D) 2 cm E) 1 cm 40 30 5 10 D) 10 E) 5​

Answers

Answer:

b

Step-by-step explanation:

i had it

What is 12% and 22% of 600 added together?


Answers

Answer:

204

Step-by-step explanation:

600 * .12 = 72

600 * .22 = 132

72 + 132 = 204

Have a great day!

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